GMR Infra shares rally on plans to list unit

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