| Kuwait Investment Authority has signed a definitive agreement to invest $300 million (Rs.2,000 crore) in GMR Infrastructure Limited, it was announced here on Friday. Kuwait Investment Authority is one of the largest and oldest sovereign wealth funds of the world. 1 each of the Company (the "Company") in accordance with the terms of the Bonds.
Shares of GMR Infrastructure saw a steep fall after the announcement. The bonds will be convertible into equity shares having face value of Re. Such features are generally seen in perpetual-type issuances a press release from GMR said...............................................Full Article: Source
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