GMR Group plans to raise $1 billion as it eyes turnaround
Infrastructure firm GMR Group plans to raise at least $1 billion over the next two years to help cut debt, repay investors in its airports business and prepare for a new phase of growth, its chief financial officer said on Monday.
Trending Photos
New Delhi: Infrastructure firm GMR Group plans to raise at least $1 billion over the next two years to help cut debt, repay investors in its airports business and prepare for a new phase of growth, its chief financial officer said on Monday.
GMR, which has a net debt of 410 billion rupees ($6.15 billion), has also held preliminary talks with investors about stake sales in its airports and energy businesses but is "not in a hurry" to sell and talks are not at an advanced stage, Terdal said.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
Advertisement
Live Tv
Advertisement