GMR in placement parleys with Temasek, Fidelity, Citi

Praveena Sharma

Firm will raise Rs1,200-1,500 crore through issue in June-end/July.

BANGALORE (Daily News & Analysis) - Bangalore-based GMR Infrastructure Ltd, which bagged the Delhi airport privatisation and modernisation project, is in equity placement discussions with Singapore's Temasek, and Fidelity and Citigroup of the US.

"The management has to yet to take a call on these placements," a company official told DNA Money.

Meanwhile, the company will be raising around Rs 1,200-1,500 crore through its initial public offer (IPO) expected to hit the market by June-end...

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Posted by rjorr at June 1, 2006 12:54 PM