GMR Airports has raised a debt facility worth Rs 8 billion from the Standard Chartered Bank, Varde Partners, and Aditya Birla Special Situation Fund for two years and eleven months. With this fundraise, GMR Airports, along with its two special purpose vehicles (SPVs), namely, GMR Goa International Airport and GMR Visakhapatnam International Airport – have jointly raised a little over Rs 84 billion since November for capex and refinancing high-cost debt.
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