GMR secures Rs 22.5 billion

As per media sources, GMR Airports (GMR) has raised funds worth Rs 22.5 billion from finance companies and private credit investors. The funds were reportedly raised at 13.275 per cent in the form of listed, unsecured, rated, non-convertible bonds for two years and ten months. Rs 8.3 billion was invested by JP Morgan Securities Asia Pacific, Rs 8 billion by Tata Capital, Rs 3 billion by Sachin Bansal-promoted Navi Finserv, and Rs 2 billion by HSBC from its GIFT City branch. Rs 1 billion was invested by Adity Birla Capital and Rs 0.2 billion by Varde Partners through its vehicle Credit Solutions India Trust.