|
|
Article: GMR revives IPO plans; mulls 5 pc discount to retail investors.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- July 16, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
GMR revives IPO plans; mulls 5 pc discount to retail investors
New Delhi, July 16 (PTI) With a semblance of normalcy returning on the bourses, GMR Infrastructure, which bagged the contract for modernisation of Delhi airport, has revived its IPO plans and would hit the market by this month-end to raise up to Rs 1,100 crore.
The offering would be the first major IPO since that of Reliance Petroleum on May 11, which helped the Mukesh Ambani group company mop up Rs 2,700 crore.
GMR, the power and infrastructure major, was previously expected to launch its public issue last month but is now likely to hit the capital market by the end of July or early ...