GMR Airports raises Rs 8 billion from Standard Chartered, Aditya Birla Fund and Varde Partners

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