GMR looking to raise capital through share sales

GMR Infrastructure Ltd announced its Board of Directors has approved plans to raise funds up to USD108 million through an issue of unsecured non-convertible debentures on a private placement basis. The company launched an IPO earlier in the year, but cancelled the offering due to a lack of demand. [1737 words]

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This report contains the following subheadings:

• DIAL raises USD350 million through London Interbank Offered Rate
• GHIAL moves back breakeven expectations
• Both GHIAL and DIAL seek to increase airport charges
• AERA permits extension to final project cost estimates
• DIAL installs Category I instrument landing system
• Delhi Metro Express Line airport link expected to handle 40,000 passengers per day
• CFM International to open maintenance training centre at GHIAL

This report contains the following charts and tables:

• Hyderabad International Airport passenger traffic growth (% change year-on-year): Sep-2006 to Sep-2009
• Delhi International Airport passenger traffic growth (% change year-on-year): Sep-2006 to Sep-2009
• Features of Delhi Airport’s Terminal 3