Corporate News     16-Dec-23
GMR Power & Urban Infra extends corporate guarantee to GMR Consulting Services
GMR Power & Urban Infra has extended corporate guarantee to GMR Consulting Services (GCSL), its wholly owned subsidiary, for an amount of Rs 550 crore in respect of non-convertible debentures issue of equivalent amount by GCSL to Credit Solutions India Trust on private placement basis.

GSCL would utilize the said funds partly towards repayment of external debts of the Group and partly towards investing in new business opportunities.

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