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G.M. Rao

For Mactan-Cebu airport GMR-Megawide consortium inks concession pact

For Mactan-Cebu airport GMR-Megawide consortium inks concession pact
The GMR-Megawide Consortium paid Philippine pesos 14.4 billion (approximately $320 million) as upfront premium for award of the concession of the Mactan Cebu International Airport to the Mactan Cebu International Airport Authority, the Philippines. With this, demonstrating its commitment towards the project the GMR-Megawide consortium has fulfilled its first major obligation well within the stipulated [...] Continue Reading »

GMR gets approval to raise Rs 2,500 crore

GMR gets approval to raise Rs 2,500 crore
The GMR Infrastructure has got the permission from its share holders to raise Rs 2,500 crore through different methods. This will be helpful to reduce the debt which is currently Rs 4,500 and also useful for another project in Chhattisgarh. The company also increased its share value from Rs 750 to Rs 1,950 to make [...] Continue Reading »

GMR Infra to give preferred shares to Temasek, IDFC consortium

GMR Infra to give preferred shares to Temasek, IDFC consortium
GMR Group has offered a small stake to a clutch of private equity investors in its flagship company to compensate for a delay in facilitating their exit in one of GMR’s units. Singapore’s state-owned investment firm Temasek Holdings Pte Ltd, and a consortium of investors led by Indian private equity (PE) firm IDFC Alternatives have [...] Continue Reading »



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