GMR Infrastructure shares gain after unit files for IPO

Tags: News
Shares of GMR Infrastructure climbed today after saying its subsidiary, GMR Energy, filed documents for an initial public offering.

The stock settled 1.39 per cent higher at Rs 21.95 on the BSE after rising as much as 5.77 per cent to Rs 22.90. On the National Stock Exchange, GMR Infrastructure rose 1.62 per cent to Rs 21.95.

While over 84 lakh shares of the company were traded on the NSE, 8.12 lakh shares changed hands on the BSE.

In a filing to the BSE, the company said, "The draft red herring prospectus has been filed on March 28, 2014, by GMR Energy Ltd, a subsidiary of the company, with the Securities and Exchange Board of India for its initial public offering."

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Healthy bottomlines are nothing if not backed by a happy work force

    Trust technology firms to devise solutions for every situation.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Tushar Gandhi

Bapu vs Netaji, a needless row

Once again, a rivalry from the past has been raked ...

Purnendu Ghosh

Eyes are our best social navigators

Eyes have a rich vocabulary. They can not only ...

Bubbles Sabharwal

The bitter cold heart of life

Life has a heart just as we do. Most times ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture