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GMR Infrastructure

Sebi Approves Rs.1,500 Crore Fund Raise For GMR Infra

Sebi Approves Rs.1,500 Crore Fund Raise For GMR Infra
The Market regulator Sebi authorization is obtained by GMR Infrastructure to raise a fund of Rs. 1,500 crore by means of rights issue. GMR will make use of the funds raised to make settlement towards borrowings and also for general corporate needs. What is Rights Issue? According to rights issue, shares are provided to the [...] Continue Reading »

GMR Infrastructure Suffers Greater Loss in July-September Quarter

GMR Infrastructure Suffers Greater Loss in July-September Quarter
The Bengaluru based publicly held infrastructure developer, GMR infrastructure has suffered a greater loss in the July-September quarter of this year amounting to Rs.610 crore. This is 1.5 times greater than its net loss of Rs.393 crore for the corresponding quarter last year. Reasons for Loss: There have been a number of reasons cited for [...] Continue Reading »

GMR infrastructures looking for investors

GMR infrastructures looking for investors
Close on the heels of securing an Rs 1,000-crore long-term loan from global private equity major KKR, GMR Infrastructure said that it is looking at international markets for funds at lower interest rates. Managing director Kiran Kumar Grandhi said on Thursday at the company’s annual general meeting that the firm will focus on recalibrating its [...] Continue Reading »

GMR enterprises under huge debt

GMR enterprises under huge debt
The current debt position is around Rs 37000 crore and post rights issue which is expected to happen sometime in November, I think this should fall down by around Rs 1300 crore again further. Apart from the actual aggregate amount, what is the miracle that is going to happen actually, if you look at our [...] Continue Reading »

GMR had gained rights to issue

GMR had gained rights to issue
Shares of GMR Infrastructure and Usha Martin will be tracked keenly by market men as these company boards meet on Tuesday to consider a rights issue. The infrastructure developer, which has interests in airports, energy and highways, did not specify the amount it was looking to raise. GMR recently had raised ₹1,478 crore through an [...] Continue Reading »

Adani group hope to raise Rs 10,000 crore through share

Adani group hope to raise Rs 10,000 crore through share
Gautam Adani has been making big plans in order to get up a total of Rs 10,000 crore through an eligible institutional placement (QIP) of shares of the Adani Enterprises, Adani Power and Adani Ports & Special Economic Zone. He wants to do this so that the group’s growth rate gets a boost. The money [...] Continue Reading »

NDA Govt revives Taj International Greenfield airport project near Delhi

NDA Govt revives Taj International Greenfield airport project near Delhi
On Monday, Union Minister of State for Civil Aviation, GM Siddeshwara, informed the Lok Sabha that the Taj International Greenfield airport project near Delhi has been revived by the NDA government. The project has been shelved for years. The Greenfield airport proposal pertains to a second airport near Delhi; but outside the 150-km restriction which [...] Continue Reading »

Infrastructure companies in a debt reducing spree

Infrastructure companies in a debt reducing spree
Indian companies, especially those engaged in infrastructure development of the country, have been busy reducing their debt burden. Many companies have sold off their assets to clear off debts as this has helped them in cleaning up their balance sheets. This has resulted in the improvement of the debt-equity ratios of the companies. The banks have [...] Continue Reading »

QIPS to help the Infrastructure companies to reduce debt

QIPS to help the Infrastructure companies to reduce debt
Qualified institutional placement(QIP) entrails selling equity instruments to institutional investors. This route is now taken by many companies to raise funds primarily to repay debts and solve the liquidity crunch for the stalled projects. Two infrastructure companies, GMR Infrastructure and JP Associates, hit the capital markets on Wednesday to raise a total of $550 million (around [...] Continue Reading »

International courts favour the GMR over the dispute of the Maldives airport

International courts favour the GMR over the dispute of the Maldives airport
It has been 18 months since the GMR Infrastructures Limited had been terminated by the government of Maldives. Recently, it has come to our notice that a concession agreement which would be used to run the island was ruled in favour of the infrastructure development. This Thursday, it was announced by the GMR a couple [...] Continue Reading »



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