Airport operator GMR Airports stated on Thursday that its board has authorised a plan to boost as much as Rs 5,000 crore. The funds can be raised in a number of tranches, by way of “securities together with absolutely paid-up Fairness Shares, non-convertible debentures together with warrants and/or convertible securities apart from warrants and/or some other securities both by way of Certified Establishments Placement or some other technique and/or situation of Overseas Forex Convertible Bonds”, the corporate stated in a regulatory submitting.
The GMR Airports board additionally authorised the institution of a wholly-owned subsidiary as a particular function car (SPV).
This SPV will undertake Delhi Worldwide Airport’s cargo metropolis undertaking. DIAL had awarded the undertaking to GMR Airports.
Underneath the deal, GMR Airports will finance, design, develop, assemble, function, handle and preserve Cargo Metropolis on the Indira Gandhi Worldwide Airport within the nationwide capital, famous the submitting.
Add Zee Enterprise as a Most well-liked Supply
ALSO READ | GMR Airports to purchase stake in Hen Delhi Common Aviation Providers
The settlement is for an preliminary interval until 2036, which can additional be prolonged by 30 years subsequently, in line with a submitting final week.
The undertaking entails growing cargo and logistics amenities over 50.5 acres of land inside the airport, together with a 10-acre elective land parcel that could be taken up sooner or later.
GMR Airports shares vs Nifty 50
Earlier on Thursday, GMR Airports shares ended 2.3 per cent decrease at Rs 89 apiece on BSE.
On the present degree, GMR Airports shares have risen 13.3 per cent to this point in 2025, outperforming a 5.7 per cent acquire within the Nifty 50 index.
Nevertheless, up to now one yr, the inventory has declined 6.2 per cent whereas the headline index has risen 1.3 per cent.
ALSO READ | Air India Flight AI 2797 Information: Door fails to open at Raipur airport; passengers stranded for an hour
