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NSE:GMRAIRPORT

4 stories mentioning NSE:GMRAIRPORTUpdated 13d ago

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Asia

GMR Airports to Raise INR15 Billion Via Bonds to Refinance Existing Debt

GMR Airports (NSE:GMRAIRPORT, BOM:532754) will raise up to 15 billion Indian rupees through a private placement of bonds to refinance existing bonds of the same amount.The unsecured, rated and redeemable nonconvertible bonds carry a 5% coupon and will have a tenure of up to 36 months, according to a Monday filing on Indian bourses.The bonds will be listed on the BSE wholesale debt market segment.

BOM:532754NSE:GMRAIRPORT
Asia

GMR Airports Unit Takes Over Operations of Nagpur International Airport

GMR Airports (NSE:GMRAIRPORT, BOM:532754) said its wholly owned subsidiary GMR Nagpur International Airport has taken over operations of Dr. Babasaheb Ambedkar International Airport, effective June 25.The handover follows the execution of agreements between GMR Nagpur International Airport and MIHAN India under a concession arrangement for the upgrade, development and operation of the Nagpur airport, according to a stock exchange filing on Thursday.

BOM:532754NSE:GMRAIRPORT
Asia

Macquarie Starts GMR Airports at Outperform with INR125 Price Target

GMR Airports (NSE:GMRAIRPORT, BOM:532754) has an average rating of buy and mean price target of 118.62 Indian rupees, according to analysts polled by FactSet.

BOM:532754NSE:GMRAIRPORT
Asia

GMR Airports Infrastructure Passenger Traffic Drops in March

GMR Airports Infrastructure's (BOM:532754, NSE:GMRAIRPORT) passenger traffic in March dropped 1.5% year on year to 10.4 million, according to a filing with the Indian bourses on Wednesday.Shares of the airport developer fell over 1% in early trade on Thursday.Aircraft movements during the reporting month also fell 1.3% year on year to 64,832 units, the company said in the filing.

BOM:532754NSE:GMRAIRPORT

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