GMR Airports plans to raise Rs 5,000 crore through QIP and FCCBs after reporting a Q1 net loss.

GMR Airports Infrastructure plans to raise Rs 5,000 crore through QIP and FCCBs after reporting a Q1 net loss of Rs 258.2 crore. Revenue increased by 19.06% to Rs 2,402.20 crore from the previous year's first quarter. The fundraising initiative will be conducted through issuance of securities, including QIP or FCCBs, which allows companies to raise capital by selling equity shares or convertible debentures to qualified institutional buyers or raising funds in foreign currency.

August 14, 2024
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