GMR sells 74% stake in Ulundurpet Expressways for Rs 222 crore“We at GMR continue to focus on creating liquidity and reducing our leveraged position as part of the strategy of churning of assets,” Madh...
19 Sep, 2013, 05.41 AM IST
GMR sells 74% stake in highway project for Rs 222 cr to IDFC fundThis is the second divestment by GMR in its roads portfolio in the last six months. The company is raising funds to pare debt.
17 Sep, 2013, 03.15 PM IST
GMR Infrastructure turns profitable, reports net profit of Rs 579 croreWe posted a profit in the current year after a gap of almost 3 years mainly due to divestment of the 70% stake in GMR Energy Singapore.
01 Jun, 2013, 05.00 AM IST
CFOs of major infrastructure firms resign as projects fall behind scheduleResignations of CFOs of at least 6 large infra cos with collective turnover in excess of Rs 27k cr brings to focus financial health of thes...
15 May, 2013, 05.00 AM IST
GMR Infrastructure looks to sell stake in four road assets to raise Rs 1,800 croreInfrastructure major has initiated talks with Morgan Stanley, Citigroup VC, SBI Macquarie and ICICI Venture to raise Rs 1800 cr.
09 May, 2013, 09.44 AM IST
L&T to raise over Rs 2,500 crore by selling 20% in infra armL&T Infrastructure Development Projects is in negotiations to divest up to 20% stake to marquee investors, including Malaysian sovereign fu...
18 Mar, 2013, 12.39 PM IST
- GMR may sell 5-Star hotel at Hyderabad Airport
According to analysts, the valuation of the hotel could be anywhere near Rs 1 crore per room under the present circumstances.
10 Mar, 2013, 11.16 AM IST
Private equity investments dipped 70% in February on a y-o-y basisPrivate equity investments in India dipped 70% in the month of February this year compared to a year ago, shows a data compiled by Four S S...
01 Mar, 2013, 06.46 PM IST
- IIFCL to give partial guarantee to infrastructure bonds
"We are working towards launching a regular credit enhancement scheme from April," IIFCL chairman SK Goel said.
27 Feb, 2013, 04.29 AM IST
GMR Infrastructure hires McKinsey to help cut costsGMR, which operates the airports in New Delhi and Hyderabad, expects cost saving of 5-10 per cent from implementing the suggestions.
14 Feb, 2013, 05.00 AM IST
GMR sells 74% stake in Jadcherla road asset to Macquarie SBIGMR Infrastructure has announced selling 74% of stake in GMR Jadcherla Expressways to Macquarie SBI Infrastructure Investments.
13 Feb, 2013, 08.01 PM IST
- IIFCL gets Sebi approval for $1 billion infrastructure debt fund
IIFCL today said it has got Sebi nod for floating $ 1 billion (about Rs 5,000 crore) infrastructure debt fund (IDF), which will be operatio...
16 Jan, 2013, 06.18 PM IST
- IIFCL, ADB to provide part-guarantee for road projects led by GMR in Andhra Pradesh
A GMR floated SPV for construction of roads in Andhra Pradesh will raise Rs 316 crore from the bond market on the back of guarantee.
18 Dec, 2012, 06.12 PM IST
- India Infrastructure Finance Corporation, ADB to back GMR SPV bonds
GMR Jadcherla Expressway has the mandate from NHAI to construct a 53 km stretch between Farukhnagar and Jadcherla in Andhra Pradesh.
18 Dec, 2012, 04.03 AM IST
- GMR to launch first long-term infrastructure bonds
GMR will launch the country's first long-term infrastructure bonds issue next month to raise Rs 360 crore for its highway project.
28 Apr, 2012, 03.17 AM IST
- GMR to launch India's first long-term infra bonds in May
Indian infrastructure conglomerate GMR group will launch the country's first long-term infrastructure bonds issue next month to raise Rs 36...
27 Apr, 2012, 08.42 PM IST
- GMR achieves financial closure of Rs 471 cr project
GMR Infrastructure Ltd on Thursday said it has achieved financial closure of the Rs 471 crore Farukhnagar-Jadcherla road project.
24 Aug, 2006, 04.00 PM IST