Monday, June 9, 2025
Vertex Public
No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Finance
  • Sports
  • Technology
  • Home
  • Business
  • Entertainment
  • Finance
  • Sports
  • Technology
No Result
View All Result
Morning News
No Result
View All Result
Home Business

GMR Group secures Rs 6.3k cr from the Abu Dhabi Funding Authority

News Team by News Team
October 23, 2024
in Business
0
GMR Group secures Rs 6.3k cr from the Abu Dhabi Funding Authority
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

READ ALSO

CyberArk greater after elevating $1.1b convertible bond

SEBI corrects ‘board notice’ to ‘engagement notice’ in IndusInd insider buying and selling order


Hyderabad-based GMR Group on Wednesday stated it has entered into an settlement with Abu Dhabi Funding Authority (ADIA), the UAE’s largest sovereign wealth fund, for an funding of Rs 6,300 crore within the type of structured debt devices.

ADIA has invested in structured debt devices of a unit of GMR Enterprises (GEPL), the holding firm of GMR Group. GMR Enterprises owns a roughly 25% stake in GMR Airports.

Upon completion of the deal, GMR Group introduced its intention to make the most of the funds for the refinancing of all excellent exterior debt of GMR Enterprise Non-public Restricted (GEPL), the dad or mum firm of GMR Airports Restricted (GAL), beforehand generally known as GMR Airports Infrastructure Restricted.

“Over current years, we’ve got efficiently diminished a big quantum of company debt. We’ve got additionally demerged GMR Energy and City Infra Restricted from GMR Airports Infrastructure Restricted, and merged GMR Airports Restricted with GMR Airports Infrastructure Restricted to type GMR Airports Restricted, a pure play, publicly listed airport platform. This funding from ADIA will facilitate the compensation of all exterior debt at GEPL, strengthening our capability to help the continued progress of GAL,” stated Kiran Grandhi, Company Chairman, GMR Group.

“India’s aviation sector has robust progress prospects, backed by the optimistic longterm fundamentals of the Indian economic system, whereas GMR Group is among the nation’s main airport operators. This funding aligns with our method of backing entities that are creating world class transport property that profit from demographic progress and elevated financial connectivity,” stated Khadem AlRemeithi, Govt Director of the Infrastructure Division at ADIA.

GMR Enterprises’ complete debt had elevated almost 4% year-on-year to 44.77 billion rupees ($532.5 million), in response to its newest annual report.

Tags: 6.3kAbuAuthorityDhabiGMRGroupInvestmentsecures

Related Posts

Business

CyberArk greater after elevating $1.1b convertible bond

June 9, 2025
SEBI corrects ‘board notice’ to ‘engagement notice’ in IndusInd insider buying and selling order
Business

SEBI corrects ‘board notice’ to ‘engagement notice’ in IndusInd insider buying and selling order

June 8, 2025
I simply financed a automotive for $15,000 at 14.89% APR — however then obtained a name saying my price is now 15%. What do I do?
Business

I simply financed a automotive for $15,000 at 14.89% APR — however then obtained a name saying my price is now 15%. What do I do?

June 8, 2025
Bajaj Finance fixes June 16 as report date for 1:2 inventory cut up, 4:1 bonus fairness share
Business

Bajaj Finance fixes June 16 as report date for 1:2 inventory cut up, 4:1 bonus fairness share

June 8, 2025
Gallery: Music Enterprise Worldwide x Luminate’s Music Leaders’ Dinner at SXSW London
Business

Gallery: Music Enterprise Worldwide x Luminate’s Music Leaders’ Dinner at SXSW London

June 7, 2025
How Gaza’s meals queues become kill zones
Business

How Gaza’s meals queues become kill zones

June 7, 2025
Next Post
Change default calling and messaging apps

Change default calling and messaging apps

POPULAR NEWS

Here is why you should not use DeepSeek AI

Here is why you should not use DeepSeek AI

January 29, 2025
From the Oasis ‘dynamic pricing’ controversy to Spotify’s Eminem lawsuit victory… it’s MBW’s Weekly Spherical-Up

From the Oasis ‘dynamic pricing’ controversy to Spotify’s Eminem lawsuit victory… it’s MBW’s Weekly Spherical-Up

September 7, 2024
PETAKA GUNUNG GEDE 2025 horror movie MOVIES and MANIA

PETAKA GUNUNG GEDE 2025 horror movie MOVIES and MANIA

January 31, 2025
Mattel apologizes after ‘Depraved’ doll packing containers mistakenly hyperlink to porn web site – Nationwide

Mattel apologizes after ‘Depraved’ doll packing containers mistakenly hyperlink to porn web site – Nationwide

November 11, 2024
2024 2025 2026 Medicare Half B IRMAA Premium MAGI Brackets

2024 2025 2026 Medicare Half B IRMAA Premium MAGI Brackets

September 16, 2024
How you can Advocate for Trans Rights in Your Group
Technology

How you can Advocate for Trans Rights in Your Group

June 9, 2025
Business

CyberArk greater after elevating $1.1b convertible bond

June 9, 2025
Cummins fires warning to Proteas forward of WTC closing
Sports

Cummins fires warning to Proteas forward of WTC closing

June 8, 2025
Jim Parsons Thinks Iain Armitage’s Younger Sheldon Audition Was Exhausting For A Good Cause
Entertainment

Jim Parsons Thinks Iain Armitage’s Younger Sheldon Audition Was Exhausting For A Good Cause

June 8, 2025
SEBI corrects ‘board notice’ to ‘engagement notice’ in IndusInd insider buying and selling order
Business

SEBI corrects ‘board notice’ to ‘engagement notice’ in IndusInd insider buying and selling order

June 8, 2025
How A lot You Actually Want and How one can Save It
Finance

How A lot You Actually Want and How one can Save It

June 8, 2025
Vertex Public

© 2025 Vertex Public LLC.

Navigate Site

  • About Us
  • Privacy Policy
  • Disclaimer
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Finance
  • Sports
  • Technology

© 2025 Vertex Public LLC.