GMR Airports Plans ₹6,000 Cr Debt Raise

  Published 8 months ago

GMR Airports to raise ₹60 billion via bonds, marking its biggest debt issue, with a 10.5% coupon on both tranches.

  • ₹18 billion to be raised via 18-month bonds, primarily targeting domestic mutual fund investors.
  • ₹42 billion via three-year bonds, with major interest from large foreign lenders expected.
  • Bonds rated A+ by Crisil; funds to support operations at major airports, including Delhi and Hyderabad.

You might like these

Grasim Shares Surge on Q1 Beat

Devyani International Reports Wider Q4 Loss

Trump, Musk Feud Threatens Space Program

Mangal Electrical Q1 FY26 Growth Outlook

NIBE to Make Advanced Rockets for Elbit

Amazon-Stellantis Car Tech Deal Fails

India's Data Quality Boost: Niti Aayog's New Tools

News that matters the most ⚡