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GMR Infrastructure’s arm completes issuance of 5 years NCDs of Rs 1000 crore

28 Jun 2022 Evaluate

GMR Infrastructure’s step-down subsidiary -- Delhi International Airport (DIAL) has successfully completed the issuance of 5 years Non-Convertible Debentures (NCDs) amounting Rs 1000 crore and the same listed on the BSE on June 23, 2022.

The NCDs have been priced at an interest rate of 9.52% per annum payable monthly for an initial period of 36 months and thereafter 9.98% per annum payable monthly and have been subscribed by eligible investors (QIBs, registered under SEBI). The proceeds from the Notes will be utilized to partly finance the Phase 3A Expansion program.

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.

GMR Airports Share Price

96.87 0.11 (0.11%)
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Company Name CMP
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