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GMR Airports Infrastructure gets nod to raise Rs 2,900 crore via FCCBs

20 Mar 2023 Evaluate

GMR Airports Infrastructure has received an approval for the issuance of 330,817 Foreign Currency Convertible Bonds (FCCBs/ Bonds) to Aeroports De Paris S.A, of EUR 1,000 each aggregating to EUR 330,817,000 equivalent to Rs 2,900 crore. The Board of Directors of the company at its meeting held on March 17, 2023 has approved the same.

The said FCCBs shall bear interest rate of 6.76% and shall be unlisted. The tenure of FCCBs is 10 years and 1 day. The conversion price of FCCB shall be Rs 43.67 per equity share, including premium, determined in accordance with the FCCB Regulations and the SEBI ICDR.

GMR Airports Infrastructure (formerly known as 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

113.95 1.45 (1.29%)
13-Jul-2026 12:19 View Price Chart
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