GMR Infrastructure’s step down subsidiary -- GMR Hyderabad International Airport is planning to raise $300 million (about Rs 2,190 crore) by issuing bonds in overseas market to fund its expansion plans. The airport is targeting to raise its capacity to 34 million passengers per annum. The company had on January 26, 2021 successfully priced an offering of $300 million bonds in the international bond market.
GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.
Company Name | CMP |
---|---|
Dreamfolks Services | 552.20 |
GMR Airports Infra. | 90.79 |
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