GMR Group Plans ₹25B Bond Issue

  Published 10 months ago

GMR Airports Holdings and DIAL plan to raise ₹25 billion via bonds to fund airport ventures, attracting mutual fund interest.

  • GMR Airports to raise ₹15B via 3-year bonds; expected yields in high single to low double digits.
  • DIAL targets ₹10B through 15-year bonds; discussions underway with private and foreign banks for placement.
  • Last year, DIAL raised ₹25.13B via 10-year bonds at a 9.5% coupon; a fresh issue is expected soon.

You might like these

TVS Motor Q1 Profit Jumps 35%

India's IIP Growth Slows in April 2025

Sai Silks Shares Jump 14.5%, Best Day Since Listing

Godavari Biorefineries Hits 5% High

India's Economic Powerhouse Status Confirmed

HSBC Chairman Tucker Joins AIA Group

L&T Partners with TRATON for Future Mobility Solutions

News that matters the most ⚡