GMR Airports seeks Rs 50 bn expansion funds

10 Aug 2023 CW Team

GMR Airports Infrastructure Ltd announced its intention to raise funds amounting to Rs 50 billion in a board meeting scheduled for August 14. The meeting will also address the release of the company's unaudited financial results for the quarter ending in June. The decision, as per a regulatory filing, involves exploring options to secure the funds in one or more instalments.

This could be achieved through the issuance of securities, including Qualified Institutions Placement, Foreign Currency Convertible Bonds, or other relevant securities. However, the proposal is contingent upon the endorsement of shareholders and compliance with relevant legal regulations.

GMR Group, renowned for operating major airports like those in Delhi, Hyderabad, and Goa, seeks to leverage these funds for its operations and expansion initiatives. In light of this development, the company's shares on the Bombay Stock Exchange witnessed a marginal increase of over 1%, reaching a closing value of Rs 52.11 apiece. The move to secure substantial funds reflects GMR's strategic approach to fortify its financial position and potentially fuel its growth trajectory.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..