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Airport firm GMR considers rupee-bond sale of $579 million
Hindustan Times Ranchi
|July 24, 2025
GMR Airports Ltd is considering a ₹5,000 crore ($579 million) local-currency bond sale, according to people familiar with the matter, in what could bea record rupee issuance for India’s second-largest private airport operator.
The New Delhi-based company is considering to raise the funds through a note due in 18-months to three years and will use the proceeds to refinance existing debt, one of the people said, asking not to be identified as the details are private. The firm may aim to price the securities at about 10.5%, the person said.
‘A representative for GMR Airports didn’t respond to an email seeking comments.
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