GMR Group To Raise Rs 25,000 Crore Via Bonds As Infrastructure Push Gains Momentum

India’s GMR Group is set to raise approximately Rs 25 billion through bond issuances across two of its key subsidiaries, according to sources familiar with the matter. The move underscores the conglomerate’s aggressive capital mobilisation strategy to support its expanding infrastructure footprint.

Funding Strategy And Instruments

- GMR Infrastructure Ltd will seek shareholder approval to raise funds via equity-linked instruments, optionally convertible debentures, or other securities  
- The capital will be used to refinance existing debt, support airport expansion, and invest in logistics and energy verticals  
- GMR Airports Infrastructure Ltd is also planning to raise up to Rs 5,000 crore, with board approval expected in its August 14 meeting  
- The group has previously raised Rs 11 billion through non-convertible bonds and Rs 4 billion via private placements in FY25  

Operational Context

- GMR operates major airports in Delhi, Hyderabad, and Goa, handling over 100 million passengers annually  
- It is developing greenfield airports in Greece and Indonesia, and expanding cargo and logistics parks in India  
- The group’s engineering arm, GMR Engineering and Management Services, is also scaling up EPC contracts and energy projects  

Strategic Outlook

The Rs 25 billion fundraising aligns with GMR’s broader goal to consolidate its leadership in airport infrastructure and diversify revenue streams. Analysts expect the bond issuance to improve liquidity and reduce interest costs, especially amid rising passenger traffic and global investor interest.

Sources: Investing.com, Economic Times Infra, MarketScreener, Reuters, Business Standard.