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."

EDITORIAL OF THE DAY

  • Public sector banks need to be independent of govt ownership

    The RBI, in its financial stability report released last week, has flagged off concerns about the deteriorating asset quality of public sector banks.

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

Arun Kumar Jain

A complex challenge for our PSUs

Till the mid-1990s, the central government and its companies were ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Dharmendra Khandal

The one in which a blue whale was washed ashore

Quite unexpectedly, a gigantic blue whale was washed ashore at ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture