GMR group secures ₹6,300 cr debt funding from Abu Dhabi’s ADIA
GMR Group plans to use the funds to refinance the entire external debt of GMR Enterprise Private Ltd (GEPL), which is the promoter of GMR Airports Ltd (GAL).
GMR Group plans to use the funds to refinance the entire external debt of GMR Enterprise Private Ltd (GEPL), which is the promoter of GMR Airports Ltd (GAL).
GMR Airports already holds 63% stake in GMR Hyderabad Airport, and post the acquisition, its stake will increase to 74%
Aéroports de Paris (ADP) will invest ₹2,900 crore in GMR Airports Infrastructure through 10-year foreign currency convertible bonds (FCCBs).
GMR Airports International BV (GAIBV), a step-down subsidiary of GMR Infra, will sell its stake in Mactan Cebu International Airport, the second busiest airport in the Philippines.