GMR Airports raises Rs 2,250 crore from finance companies!
Wed, Feb 7, 2024 10:14 AM

GMR Airports raises Rs 2,250 crore from finance companies!

A Flip by Avya Verma
Get it on Google Play
GMR Airports, which operates facilities in Delhi, Hyderabad, and North Goa, raised ₹2,250 crore through listed bonds at a rate of 13.275% last week. The company aims to use the funds to refinance debt and invest in its subsidiaries and joint ventures. Despite having a net debt of ₹25,000 crore, GMR has been able to secure competitive interest rates for its airport assets.

More great flips

Table Space founder Amit Banerji passes away at 44

Table Space founder Amit Banerji passes away at 44

Amit Banerji, founder, CEO of Table Space, a workspace solutions provider, has passed away, the company said on January 6. The immediate cause of his death remains unknown, although a few media reports suspected he had a heart attack. His impact on the company, its people and the industry will be lasting forever.

Open Flip
These stocks are already down 7-10% in the first 4 sessions of 2025

These stocks are already down 7-10% in the first 4 sessions of 2025

Shares of several Indian companies, including📌 CRISIL,📌 Aditya Birla Real Estate,📌 Asahi India Glass, 📌NLC India, and others, fell sharply in the first four trading sessions of 2025. With declines ranging from 7% to 11%. Shares of 📌CRISIL Ltd. fell 11% in first four trading sessions and 📌Aditya Birla Real Estate Ltd. fell 10% in the first four trading sessions of 2025.

Open Flip
Top Gainers and Losers today on 6 January, 2025

Top Gainers and Losers today on 6 January, 2025

📌Notable gainers within the Nifty index included Apollo Hospitals Enterprise (up 1.79%), Tata Consumer (up 0.79%), Titan Company (up 0.54%), and HCL Technologies (up 0.33%). 📌Conversely, the top losers were Tata Steel (down 4.47%), Trent (down 4.23%), Bharat Petroleum Corporation (down 3.90%), Coal India (down 3.79%), and NTPC (down 3.63%).

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon