Debt financing

GMR Airports raises Rs.1,110-Cr

Economic Times  

GMR Airports has raised INR 1,110 crore from JPMorgan Securities and Morgan Stanley India to pay back INR 1,330 crore payments due to DB International, Standard Chartered Bank and Aditya Birla Special Situation Fund. through private placement of bonds to repay the trio. It raised INR 795 crore from JP Morgan Securities and INR 315 crore from Morgan Stanley India Primary Dealer through private placement of bonds (yielding 12.13%)

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