GMR Airports Raises Rs 1,100 Cr Through Non-Convertible Bonds

Feb 25, 2025 21:32

GMR Airports has raised Rs 1,100 crore through the issuance of non-convertible bonds on a private placement basis. The bonds have a coupon rate of 5 per cent and a tenure of 36 months.

New Delhi, Feb 25 (PTI) GMR Airports has raised Rs 1,100 crore through the issuance of non-convertible bonds on a private placement basis.

The management committee of the company's board on Tuesday allotted 1,10,000 rupee-denominated listed, unsecured, rated, redeemable non-convertible bonds on the private placement basis on receipt of Rs 1,100 crore, according to a regulatory filing.

The bonds have a coupon rate of 5 per cent and a tenure of 36 months.

The coupon shall be payable annually until the date of redemption and the bonds do not carry any special right/interest/privileges, the filing said.

GMR Airports operates three airports in India -- Delhi, Hyderabad and Goa -- and two airports in the Philippines and Indonesia.

Source: PTI

MORE NEWS

FTCCI Excellence Awards 2025: Entries Open in...

The Federation of Telangana Chambers of Commerce and Industry (FTCCI) has announced its...

India Poised to Become Global Toy Export Hub...

US-China tariff war creates opportunity for India to emerge as a leading toy exporter....

Vedanta's Rs 50,000 cr Assam Investment: Plan...

Assam CM Himanta Biswa Sarma met with Vedanta Group to discuss a detailed plan for...

Essar Energy Transition Appoints New CIO for...

Essar Energy Transition's EET Fuels has appointed Prashant Janaswamy as its Chief...

IHCL Expands Portfolio to 380 Hotels in FY25

Indian Hotels Company (IHCL) has expanded its footprint to 380 hotels, adding 100 new...

Delhi Airport: IndiGo, Akasa Shift Flights to...

IndiGo and Akasa Air will shift their domestic flights to Delhi airport's Terminal 1...

Capitalmind Mutual Fund Gets Sebi Approval

Capitalmind Financial Services receives final approval from SEBI to launch its mutual...

Transrail Lighting Wins Rs 1,085 Cr T''D Orders

Transrail Lighting has secured new orders worth Rs 1,085 crore in the domestic T''D...

Moom Health Raises $3.5 Million for Women's...

Moom Health, a women's health supplement brand focused on Asian women, secures $3.5...

Mankind Pharma to Integrate Bharat Serums &...

Mankind Pharma announces plans to integrate Bharat Serums & Vaccines (BSV). A committee...

GMR Airports Raises Rs 1,100 Cr Through Non-Convertible Bonds

You May Like To Read

MORE NEWS