Ahead of Market: 10 things that will decide stock market action on FridaySensex and Nifty ended lower in a volatile session as profit booking in banking stocks erased early gains. Despite easing volatility and su...
GMR Airports plans Rs 6,000 crore NCD issue to refinance existing liabilitiesGMR Airports is securing ₹6,000 crore through non-convertible debentures. The aim is to refinance current debts. Banks and mutual funds are...
GMR Airports plans to raise Rs 5,700 crore to refinance debtThe company is tapping a mix of banks, NBFCs, and mutual funds at a blended cost of around 10.5%, potentially lowering its average borrowin...
GMR Group shifts to rupee bonds in bid to lower cost of debtThe funds are being used for providing security deposit related to the concession for duty-free business. The privately placed issuance wit...
GMR Airports raises Rs 2,250 crore from finance companies, private credit investorsJP Morgan Securities Asia Pacific invested ₹830 crore while Tata Capital ₹800 crore, Sachin Bansal-promoted Navi Finserv ₹300 crore, and HS...
GMR arm raises Rs 2,475 crore to refinance debtGMR will use ₹1,520 crore proceeds from the bonds to repay term loans, ₹227 crore for repayment of subordinated debt, ₹300 crore to repay s...
JP Morgan, Tata Cleantech Capital, others give Rs 2,475 cr funding to GMR’s Goa AirportGMR is constructing another airport at Bhogapuram, Andhra Pradesh, at a cost of Rs 4,700–4,800 crore. Spread over 294 acres, the airport is...
Two entities offload GMR Airports Infra shares worth Rs 330 cr via block dealAccording to block deal data available with the BSE, two entities -- C/D Investors Fund LP and H/D Investors Fund LP -- sold a total of 8,8...
GMR Airports raises ₹1,110 croreGMR Airports, which operates Delhi and Hyderabad airports, paid entire dues to DB International and Aditya Birla Capital, but part payment ...
GMR Infrastructure, JP Associates raise $600 mn via QIPGMR Infra and JP Associates raised around Rs 3,600 cr through a qualified institutional placement of shares, market sources said.
GMR Infrastructure, JP Associates to raise $550 million via QIPGMR Infrastructure would raise up to $ 300 million through issue of warrants convertible into equal number of equity shares.
Plenty of good bets in high beta cyclical space: Kunj Bansal, Centrum Wealth Management"When it comes to taking a call, one has to choose a management which has a reasonable track record, and a business model which looks stron...
GMR Infrastructure defers $350-million IPOGMR Infrastructure has deferred a $350-million initial public offering (IPO) that was aimed at raising money and allowing private equity in...
- Not excited about JP Associates: Sonam Udasi
"JP has never benefited really to be on the top of the investors radar simply because it has been in an investment phase throughout its lon...
- GMR Infra can be looked at in the infra space: Sajiv Dhawan, JV Capital Services
If one is looking at infrastructure, he has to be very patient.
- GMR Infra looking good: Devang Visaria
Generally such stocks do not participate when the whole market is moving up but at the latest stage, they suddenly start showing momentum.
- Resistance levels of 147-150 for JP Associates: Devang Visaria
ET Now spoke to Devang Visaria, Chief Strategist, devangvisaria.com on his views on the infrastructure stocks.