GMR Energy plans to raise ₹16B via five-year bonds offering 14.60% IRR for refinancing and inter-group lending.

• Bonds will be redeemed in installments: 20% in years 3 and 4, 60% in year 5.
• Includes a put option from February 2028, repeatable every four months, giving investors exit flexibility.
• Make-whole call planned: ₹5B buyback in 12 months, ₹11B in 21 months from issuance date.