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.
| Company Name | CMP |
|---|---|
| Dreamfolks Services | 69.52 |
| GMR Airports | 113.95 |
| Vardhman Airport Sol | |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: