GMR raises $315 mln in share sale: sources | business | Hindustan Times
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GMR raises $315 mln in share sale: sources

business Updated: Apr 16, 2010 10:10 IST
Reuters
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GMR Infrastructure has raised $315 million in a share sale to institutional investors, three sources with direct knowledge of the deal said on Friday.

The floor price of the issue was 62.20 rupees a share, a discount of 2.6 percent to Thursday's close, two sources said. The sale closed on Friday, a day after opening, they said.

Bank of America-Merrill Lynch was the sole advisor for the sale.