GMR AIRPORT GREECE
Raisina Dialogue 2024 kicks off: What you need to know about the conference
The 9th edition of the Raisina Dialogue in New Delhi, inaugurated by PM Modi, features Greek PM Mitsotakis as the chief guest. With a theme of "Chaturanga: Conflict, Contest, Cooperate, Create," the conference hosts over 2500 participants from 115 countries. Mitsotakis highlights the growth of bilateral relations and aims to double trade by 2030, emphasizing mutual investment and infrastructure development.
GMR Airports raises Rs 2,250 crore from finance companies, private credit investors
JP Morgan Securities Asia Pacific invested ₹830 crore while Tata Capital ₹800 crore, Sachin Bansal-promoted Navi Finserv ₹300 crore, and HSBC ₹200 crore from its branch in Gujarat International Finance Tec-City (GIFT City), people cited above said.
GMR Airports Infra Q3 Results: Co swings to loss on increase in finance costs
The operator of India’s busiest airport in Delhi posted a loss of Rs 486 crore in the October-December quarter from a net profit of Rs 106 crore a year earlier. Revenue rose 26% to Rs 2,227 crore, but finance cost increased 45% to Rs 857 crore.
GMR Airports raises ₹800 cr from Standard Chartered, Aditya Birla Fund & Varde Partners
GMR Airports secures a ₹800 crore debt facility from a consortium involving Standard Chartered Bank, Varde Partners, and Aditya Birla Special Situation Fund. This funding marks a part of the ongoing capital raising efforts by GMR Airports and its subsidiaries, totaling over ₹8,400 crore since November. The proceeds will be utilized for refinancing existing debt and investments across various airport-related ventures. The consortium investments aim to support GMR's strategic airport development initiatives across India and other international locations.
Breakout Stocks: How GMR Infrastructure, LIC Housing and NOCIL are looking on charts for tomorrow’s trade
GMR Airports Infrastructure is currently developing two significant greenfield airport projects - one in Bhogapuram, Andhra Pradesh, and the other in Heraklion, Crete, Greece, in collaboration with construction company GEK Terna. The passenger traffic at Delhi and Hyderabad airports is consistently increasing, reaching the highest year-to-date (YTD) levels recorded.
GMR Airports raises Rs 1,950 cr for three years to refinance debt
GMR Airports, the holding company of the airports in Delhi, Hyderabad and Goa, will use the proceeds to refinance high-cost borrowings and partly to invest in subsidiaries, said the bond documents that did not name the investors. The coupon rate of 13.275% comprised 5% as cash coupon and 8.275% as redemption premium, the documents stated.
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JP Morgan, Tata Cleantech Capital, others give Rs 2,475 cr funding to GMR’s Goa Airport
GMR is constructing another airport at Bhogapuram, Andhra Pradesh, at a cost of Rs 4,700–4,800 crore. Spread over 294 acres, the airport is expected to cater to 24 million passengers. In a corporate presentation earlier this month, the company said financial closure for the project is “in advance stages” and that it has “achieved required sanction from all participating financial institutions /banks,”. It has also won the bid to “commission, operationalize and maintain” a civilian airport at Bidar, Karnataka. It has received the mandate to develop, modernise and operate Nagpur airport.
GMR Airports plans Rs 1,950-cr debt raise at over 13% yield
Credit Solutions India Trust has committed ₹500 crore as the anchor investor for this offering, people aware of the development said.
GMR group actively looking for new investment opportunities in Greece
GMR Group, the operator of airports in Delhi, Hyderabad, and Mopa, is actively seeking new investment opportunities in Greece. The company is already developing a greenfield airport in partnership with GEK TERNA in Crete and is now looking for further investments in the country. The Greek government's commitment to foreign investors and its proactive approach to promoting foreign investments have been praised by GMR Group.
GMR Infra changes name to GMR Airports Infra
The company said in a release "Post receipt of approval of the shareholders of the company and necessary regulatory approvals, the change of name is effective from September 15, 2022."
GMR Group to divest stake in Philippines' Cebu airport; to receive Rs 1,330 cr upfront payment
GMR Group is operating the airports at Delhi, Hyderabad and Bidar (Karnataka) apart from Cebu airport. Among others, it is also developing airports in Greece and Indonesia. GMR Airports International BV (GAIBV) is a step-down subsidiary of GMR Infrastructure Ltd and a direct subsidiary of GMR Airports Ltd. Shares of GMR Infrastructure rose 2.86% to Rs 39.50 apiece in morning trade on BSE.
GMR Airports joint venture Angkasa Pura Aviasi starts operating Indonesia's Medan airport
The joint venture formally took over the operations of Medan airport in the presence of Budi Karya Sumadi, Minister of Transportation; Erick Thohir, Minister of State-Owned Enterprises; Edy Rachmayadi, Governor of North Sumatra, and Muhammad Awaluddin - President Director, Angkasa Pura II.
Record date today for GMR Infra shareholders to receive shares in new non-airport entity
The company’s board set 12 January as the record date as of which shareholders of 10 equity shares of Rs 1 face value in GIL will receive one equity share of Rs 5 face value in GPUIL.
GMR spending Rs 20,000 crore on airports' expansion, developing new ones
GMR's airport business comprises of four operating airports- Indira Gandhi International Airport, Delhi, Rajiv Gandhi International Airport, Hyderabad, Bidar Airport at Karnataka and Mactan Cebu International Airport in the Philippines.
GMR Infra to demerge energy, transport from airports biz
According to the current structure, GPIL and GPUIL are fully-owned subsidiaries of GIL, which has 65.52 per cent promoter holding and 34.48 per cent public holding.
GMR closes stake sale deal in airport biz to France’s ADP
The release added that Groupe ADP has increased earn-outs for GMR.
Deal to sell 49% in GMR Airports on track, says GMR Group
In February, GMR Group had signed an agreement with France’s Groupe ADP to divest 49% stake in GAL.
France’s Groupe ADP to buy 49% stake in GMR Airports for Rs 10,780 crore
“Groupe ADP will be granted extended rights including the presence of board members at GMR Airports' board equal to that of GMR Infrastructure Limited board members. Groupe ADP will also have the right to appoint predetermined key executives within GMR Airports,” the French entity said in a release.
GMR airports to build and operate new airport in Greece
GMR Airports Limited, a subsidiary of GMR Infrastructure along with its Greek partner GEK TERNA signed the concession agreement for design, construction, financing, operation, and maintenance of a new international airport at Crete, Greece.
GMR pre-qualifies for 2 international airport projects in Montenegro
Besides GMR Airports Limited a GMR Group company, Incheon International Airport Corporation,Groupe ADP Consortium and Corporation America Airport were also qualified, the Montenegrin Transport Ministry said.
GMR raises debt from Tata-GIC even as planned sale of airport biz pending
GMR has been looking at various options to pare its over Rs 20,000-crore debt.
GMR's loss widens to Rs 457 crore in Q2
The airport generated cash profit of Rs 135 crore in Q2FY20 vis a vis 88 crore in Q2FY19.
GMR Infra ties up with AirAsia arm to bid for Thai airport
The company is also interested in taking up an airport expansion project in Indonesia.
Tata Group checks into airport business with Rs 8,000-cr deal
After the purchase, Tata will hold 20% in the airport unit, while GIC will get 15% and SSG will own 10%.
Sidharath Kapur, man behind GMR’s airports expansion, quits
Kapur is likely to join a global infrastructure firm, one of the persons cited above said, without elaborating and requesting anonymity.
GMR-TERNA gets letter of award for airport in Greece
The concession period for the Greenfield project will be 35 years including phase 1 construction of 5 years.
GMR to build, operate New Heraklion Airport in Greece
GMR Airports had last year won the competitive bid for development and operation of the Rs 3,000 crore Mopa Greenfield Airport in Goa.
GMR Infra shares jump 4% on bagging airport project in Greece
GMR Airports will be the designated Airport Operator in the consortium for this project.
GMR Infrastructure to develop new international airport in Crete island, Greece
Crete is the largest and the most visited island in Greece. Heraklion Airport, located in Crete, is the second largest in Greece and has witnessed steady traffic growth in the last 3-4 years.
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