GMR Holdings
The bullish sentiment in the equity market on Thursday, along with positive tidings from GMR Infrastructure Ltd (GIL) about improving its balance sheet, lifted the stock price by 2.91 percent. The infrastructure firm announced that US private equity firm KKR Capital Markets will lend Rs.1,000 crore to GMR’s holding company. This, in turn, will be [...] Continue Reading »
US private equity firm KKR & Co and co-investors have agreed to provide Rs 1,000 crore ($164.2 million) in long-term financing to GMR Holdings Pvt Ltd, the holding company for GMR Infrastructure Ltd. Without disclosing the terms of the transaction, GMR Holdings said the deal is subject to customary transaction documentation. GMR Group has interests [...] Continue Reading »
