GMR Group receives a ₹6,300 crore ($850m) refinancing loan from ADIA for GMR Enterprises Pvt Ltd.

GMR Group has secured an ₹6,300 crore ($850 million) zero-coupon loan from the Abu Dhabi Investment Authority (ADIA) to refinance debt for its promoter entity, GMR Enterprises Pvt Ltd, which oversees GMR Airports Ltd. This funding aims to reduce external debt and consolidate lenders, easing financial pressure on the group. ADIA's investment aligns with its strategy to support transport asset development in high-growth markets like India.

October 23, 2024
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