GMR Goa Airport Raises Rs 24 Bn with NCDs

20 Nov 2023 CW Team

GMR Goa International Airport has initiated a substantial financial move by issuing Non-Convertible Debentures (NCDs) to raise over Rs 24 billion. This strategic fundraising endeavour underscores the airport's commitment to bolstering its financial foundation and advancing crucial infrastructure projects.

The issuance of NCDs, which are debt instruments that cannot be converted into shares, is a well-established financial strategy to secure funds for development initiatives. GMR Goa International Airport's decision to raise over Rs 24 billion through this instrument signals a proactive approach to meeting capital requirements and sustaining growth in the aviation sector.

The funds garnered from the NCD issuance are slated to be channelled into key developmental endeavours and operational enhancements at the airport. This move aligns with the broader objective of modernising infrastructure, optimising services, and ensuring a seamless travel experience for passengers.

By opting for NCDs, GMR Goa International Airport aims to diversify its funding sources and tap into the debt market's potential. This approach allows the airport to secure long-term capital while managing financial obligations effectively. The financial infusion is anticipated to fortify the airport's position in the industry, fostering expansion and contributing to the overall economic development of the region.

In a dynamic aviation landscape, the strategic issuance of NCDs by GMR Goa International Airport represents a forward-looking financial manoeuvre. The raised capital is poised to play a pivotal role in the airport's growth trajectory, reflecting a commitment to elevating standards and capabilities within the aviation sector.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..