Jan 24, 2014, 09.57 PM IST
The infrastructure firm in July-September quarter of this fiscal had reported widening of losses to Rs 393.05 crore due to muted revenue growth and 41 percent rise in finance costs.
Tags GMR Infrastructure, private placement, FCCBs
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GMR Infra board approves raising of Rs 2500cr
The infrastructure firm in July-September quarter of this fiscal had reported widening of losses to Rs 393.05 crore due to muted revenue growth and 41 percent rise in finance costs.
Like this story, share it with millions of investors on M3
GMR Infra board approves raising of Rs 2500cr
The infrastructure firm in July-September quarter of this fiscal had reported widening of losses to Rs 393.05 crore due to muted revenue growth and 41 percent rise in finance costs.
"Board of Directors of the Company at its meeting held on January 24, 2014, has accorded approval for raising of funds through issue of Foreign Currency Convertible Bonds and/ or other securities up to an amount of Rs 2,500 crore through follow on offer, further public offer and/or private placement etc," the company said in a filing to the BSE.
The infrastructure firm in July-September quarter of this fiscal had reported widening of losses to Rs 393.05 crore due to muted revenue growth and 41 percent rise in finance costs. Shares of the company today closed at Rs 23.10, down by 1.49 percent, at the BSE.
Also Read: No chance of GMR return in airport project: Maldives Prez
GMR Infra stock price
On January 24, 2014, GMR Infrastructure closed at Rs 23.00, down Rs 0.45, or 1.92 percent. The 52-week high of the share was Rs 25.35 and the 52-week low was Rs 10.65.
The company's trailing 12-month (TTM) EPS was at Rs 0.12 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 191.67. The latest book value of the company is Rs 18.46 per share. At current value, the price-to-book value of the company is 1.25.
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