GMR Airports' board on Thursday approved a proposal to raise up to Rs 5,000 crore through issuance of securities. Besides, the board of the company has approved setting up of a wholly-owned subsidiary ...

GMR Airports' board approved raising up to Rs 5,000 crore via securities issuance and the creation of a Special Purpose Vehicle for a new cargo city project at Indira Gandhi International Airport.

Airport operator GMR Airports said on Thursday that its board has approved a plan to raise up to Rs 5,000 crore. The funds will be raised in one or more tranches, through "securities including fully ...