GMR Infrastructure to mop up Rs 5,000 crore via various routes

GMR Infrastructure has received its board’s approval to raise funds through issue of equity shares/ Global Depositary Receipts (GDRs)/ American Depositary Receipts (ADRs) / Foreign Currency Convertible Bonds (FCCBs) and / or other securities for an amount not exceeding Rs 5,000 crore through preferential issue and / or follow on offer and / or qualified Institutional placement (QIP) and / or private placement etc.

The company has reported a net loss of Rs 3.13 crore for the March 2010 quarter against net profit of Rs 9.32 crore for the March 2009 quarter. Its total income during the reporting quarter increased by 127.78% to Rs 65.74 crore from Rs 28.86 crore for the corresponding previous quarter.