GMR Airports raises Rs 2,250 crore from finance companies!
Wed, Feb 7, 2024 10:14 AM

GMR Airports raises Rs 2,250 crore from finance companies!

A Flip by Avya Verma
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GMR Airports, which operates facilities in Delhi, Hyderabad, and North Goa, raised ₹2,250 crore through listed bonds at a rate of 13.275% last week. The company aims to use the funds to refinance debt and invest in its subsidiaries and joint ventures. Despite having a net debt of ₹25,000 crore, GMR has been able to secure competitive interest rates for its airport assets.

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