Gammon Infra may raise Rs 500 Crore through QIP

Posted on: September 24, 2009 at 7:11 pm

Gammon Infrastructure Projects may raise Rs 500 crore through the qualified institutional placement (QIP) route, a top company official said.
The capital outlay of the company’s 18 projects would exceed Rs 10,000 crore. The company’s projects worth Rs 4,700 crore have already achieved financial closure, while projects worth another Rs 1,250 crore would achieve financial closure [...]