GMR Airport raises Rs 11.1 billion

GMR Airports has raised Rs 11.1 billion from JP Morgan Securities and Morgan Stanley India Primary Dealer Private Limited to make payments on bonds due on September 24, 2022. With a due payment of Rs 13.3 billion to Daga Business International, Standard Chartered Bank and the Aditya Birla Special Situation Fund, it had raised two-year bonds at 12.13 per cent through private placement on September 22, 2022 to repay the three entities. On the same date, it had raised Rs 7.95 billion from JP Mor­gan Securities and Rs 3.15 billion from Morgan Stanley India Primary Dealer through private placement of bonds.