GMR Infrastructure Limited, an India-based infrastructure developer, has completed a private placement for total gross proceeds of $315 million.

GMR Infrastructure is planning to raise approximately INR15,000 million ($320.44 million) through a combination of equity and debt financing.

Kotak Mahindra Capital Company Limited and Rothschild are acting as advisors for the transaction. Bank of America Merrill Lynch is the sole global coordinator and lead book running manager for the issue. Axis Bank, ICICI Securities and IDBI Capital Market Services are the lead managers to issue.

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Posted by mopeng at April 16, 2010 12:11 AM