Page 3 - Gmr Airports

Clearing the air

Rules curbing airline stakes in airports should be reviewed

Tata group investment in GMR Airports hits AAI regulatory hurdle

Rs 8,000 cr funding violates norms preventing airlines from holding 10% in facility

GMR aims to boost international airport business, from Europe to Indonesia

Bids for airports in Thailand, Indonesia, will sell four road projects

GMR Airports to raise Rs 650 cr via bonds by September end to pay off debt

Investment from Tata, Singapore wealth fund now delayed till December

Tata, SSG, GIC seek Competition Commission approval for GMR Airports

After power & airport, monetisation of road, other assets on cards

Tata, GIC, SSG to pick up Rs 8,000 crore stakes in GMR's airport unit

The deal will pump Rs 1,000 crore into GMR Airports, a unit of GMR Infrastructure Ltd. and purchase Rs 70 billion of the airport unit's equity shares from the parent

GMR, Terna sign agreement for new airport in Greece; to invest 500 mn euros

The concession agreement is for design, construction, financing, operation and maintenance of new international airport of Heraklion at Crete

GIC, Mitsubishi Corp likely to pick 25-30% stake in GMR Airports

The deal with Singapore's GIC and Mitsubishi Corporation of Japan could fetch Rs 7,000-8,000 crore

GMR to spend Rs 500 crore on Hyderabad airport expansion

BS ReporterHyderabad, 23 October: GMR Hyderabad International Airport Limited(GHIAL) will utilise $ 75 million(close to Rs 490 crore) out of the total $ 350 million(Rs 2,276 crore) that it has raised in the international bond market on capital expenditure for the airport expansion while the rest of the proceeds will be used to refinance the existing debt.GMR Airports Limited president Sidharath Kapur on Monday elaborated on the fund utilisation plan of the subsidiary company after broadly indicating the purpose of $ 350 million bonds issue couple of days ago. While the exact capex requirement was not yet spelt out by the company pending regulatory approvals for the proposed airport expansion plan, the allocation of $ 75 million comes as a first move towards the stated purpose. The India Ratings & Research, a Fitch group company, earlier this year estimated that it may require about Rs 2,500 crore to expand the capacity to 20 million passengers per annum from the present 12 ...