According to sources, the GMR Group, which holds around 64% in its flagship, Delhi airport, was planning to raise around $500-700 million through the partial stake sale as it was looking to sell the stake at an enterprise val
GMR Infrastructure (GMR) has signed a definitive agreement with Kuwait Investment Authority (KIA) wherein the latter will subscribe to GMR’s 60-year long $300 mn foreign currency convertible bonds (FCCB) due in 2075.
Debt-laden GMR Infrastructure is pinning its hopes on a turnaround based on its under construction power generation capacity becoming operational, and growth envisaged in its airport vertical with the increase in passenger tr
GMR Infrastructure today said its consolidated net loss in July-September quarter narrowed to Rs 398.67 crore on the back of better operating margins from power plants and robust traffic growth in airports.
CARE noted that these ratings continue to derive strength from the group’s diversified portfolio of assets, established track record in project execution, stable performance by highway and airport subsidiaries during FY15.