Corporate News     01-Apr-21
Delhi International Airport raises Rs 3257 cr via NCD issuance
Delhi International Airport, a subsidiary of GMR Airports and a step down subsidiary of GMR Infrastructure (GIL), announced that it had on 30 March 2021 successfully completed the issuance of Non-Convertible Debentures (NCD's) for Rs. 3257 crore. The NCD's have been priced at interest rate of 10.96% p.a. and have been subscribed by Cliffton (a FPI, registered under SEBI).

The proceeds from the NCD's will be utilized to refinance the outstanding debt of around USD 289 million n due in FY22 and to partly finance the Phase 3A Expansion.

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