Grandhi kiran kumar - Latest News Update, Information, Photos & Videos on Grandhi kiran kumar at Lokmat Times

Hyderabad, Jan 27 GMR Hyderabad International Airport Limited (GHIAL) on Wednesday announced that it successfully priced an offering of US$ 300 million bond in the international bond market.GHIAL, a subsidiary of GMR Airports Limited and a step down subsidiary of GMR Infrastructure Limited (GMR Group), entered into a purchase agreement to issue and allot US$ 300 million, 4.75 per cent senior secured notes of five year tenure.The proceeds from the notes will be used towards the capital expenditure for expansion of the Rajiv Gandhi International Airport at Hyderabad to increase its capacity to 34 million passengers per annum."We are delighted on the successful pricing of this transaction. The offering through GHIAL reinforces our ability to raise funds from the International Bond Markets and reflects our continued effort to create value for our investors and raise capital for growth. The successful pricing of the offering underscores investors' confidence in GMR Group and credit strength of GHIAL," said Grandhi Kiran Kumar, Corporate Chairman, GMR Group.GHIAL is promoted by the GMR Group (63 per cent) in partnership with Airports Authority of India (13 per cent), Government of Telangana (13 per cent) and Malaysia Airports Holdings Berhad (MAHB) Group (11 per cent).The company was incorporated to design, finance, build, operate and maintain a Greenfield airport at Shamshabad, named as Rajiv Gandhi International Airport (RGIA), Hyderabad. RGIA was commissioned in 31 months and inaugurated on March 14, 2008, with an initial capacity of 12 million passengers per annum (MPPA) and 150,000 tons of cargo handling capacity per annum.The project has the flexibility to increase capacity and is currently being expanded to accommodate over 34 MPPA.( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Grandhi Kiran KumarFOLLOW

Grandhi kiran kumar, Latest News

Business :DIAL completes NCDs of Rs 3,275 cr

Delhi International Airport Ltd (DIAL) said on Thursday it recently completed the issuance of non-convertible debentures (NCDs) for Rs 3,257 crore. ...

Business :GMR to raise $300mn through bonds for Hyderabad airport expansion

Hyderabad, Jan 27 GMR Hyderabad International Airport Limited (GHIAL) on Wednesday announced that it successfully priced an ... ...