InvestorQ : Why is GMR Infra raising funds of over Rs.6,000 crore at this point of time?
Chandralekha Desai made post

Why is GMR Infra raising funds of over Rs.6,000 crore at this point of time?

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NISHA Nayak answered.
4 months ago
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GMR Infrastructure, which operates the Delhi International Airport, or DIAL, plans to raise Rs.6,000 crore via issue of securities. The Board of Directors will meet on 13th August, wherein the final approval is expected. The funds are likely to be raised in one or more tranches and could either be through QIPs or FCCBs.

The fund infusion became critical after airport operators lost revenues worth Rs 7,000 crore in FY21 due to COVID impact. The 136 airports across India posted an overall net loss of Rs.2,883 crore in FY21, with Delhi leading the fray.

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