Home Print Stocks epaper Archives Company Info Edits & Columns Video

Make this your homepage | Feedback | RSS | Subscribe

Print Edition

Sections

Corporates & Markets

Supplement(s)

International Reports

FE@Campus

Ambani vs Ambani: RIL's affidavits

RNRL's submissions on the MoU

Selections From The Economist

Cartoon Gallery

fe500 - India's Finest Companies

Events

FE Events

Services

Channels

Group Websites

FE Home- Infrastructure - Story

GMR Infra withdraws $500 mn QIP issue

Reuters
Posted: Tuesday, Jun 30, 2009 at 1619 hrs IST
Updated: Tuesday, Jun 30, 2009 at 1619 hrs IST

Font Size

Mumbai: GMR Infrastructure Ltd has decided to withdraw its qualified institutional placement due to "existing market conditions," it said in a statement to the Bombay Stock Exchange.

Earlier in the day, two sources said the infrastructure company cancelled a share sale due to poor investor demand even after slashing the size by four-fifths to $100 million.

The firm had launched a $500 million share sale on Monday amid a flurry of equity offers by Indian firms worth nearly $2 billion.

Shares in GMR Infra extended losses and were down 8.76 at Rs 141.70 in a weak Mumbai market.

More from Infrastructure

‘Ports capacity to reach 1.5 bn tonnes’ Boeing to pay Nacil $145 million in relief Govt for curbing pvt operators’ monopoly at ports McNally Bharat wins Rs 24.38 cr Govt order Core sector hits time and cost overruns Infra projects marred by overruns: KPMG Supreme Infra bags two orders worth Rs 405 cr ‘Mining law to lure investments’

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Most Read

More

Express Classifieds
Post and view free classifieds ad Express Astrology
Know what's in the stars for you

Home Print Edition Latest News Stocks epapers Archives Subscribe Company Info

About Us | Contact Us | Advertisers | Site Map | Make us your homepage | Work for Us | RSS | Subscribe | Electronic Edition | Privacy Policy

© 2010: The Indian Express Limited. All rights reserved throughout the world