GAIL plans to raise Rs 7.5 billion through bonds

GAIL (India) Limited is planning to raise Rs 7.5 billion via the private placement of bonds to finance its ongoing projects. The company has the option to double the issue size via private placement in one or more tranches. The issue of the rupee bonds will help in funding the growing capex requirements for the company’s future growth. The decision has been taken in order to enhance value to shareholders and acknowledge their support to the company over the years.