GMR Infra shares rally on plans to list unit

Shares in GMR Infrastructure rose as much as 5.8 percent after the company said

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its unit GMR Energy Ltd filed prospectus for an IPO with market regulator SEBI.

GMR is aiming to raise about $250 million from the share sale, a source with direct knowledge of the matter told Reuters.

Shares in the company were up 3.7 percent at 22.70 rupees at 9.59 am.

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