GMR Airports raises Rs 1,100 cr through non-convertible bonds issuance

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GMR Airports raises Rs 1,100 cr through non-convertible bonds issuance - Business Standard

Quick Summary:

The management committee of the company's board on Tuesday allotted 1,10,000 rupee-denominated listed, unsecured, rated, redeemable non-convertible bonds on the private placement basis on receipt of Rs 1,100 crore, according to a regulatory filing.

GMR Airports has raised Rs 1,100 crore through the issuance of non-convertible bonds on a private placement basis.

The coupon shall be payable annually until the date of redemption and the bonds do not carry any special right/interest/privileges, the filing said.