GMR Airport is planning to raise funds through public offer this year in order to raise R2,000 Cr and also plans to provide exit route to its PE investors, ET stated.
The issue would involve sale of fresh shares and secondary sale of shares owned by PE investors.The size of issue has not been decided yet.GMR Airport manages projects like Delhi International Airport( 54% stake), GMR Hyderabad International Airport( 63% stake), Istanbul Sabiha Gokcen International Airport( 40%).
It had revenues of R4391 Cr and operating profit of R1143 Cr in April-December, 2012. Currently, the company has a debt of R4000 Cr.
18/04/13 Pranav Puri/Deal Curry
