GMR Infrastructure is preparing to raise its Rs 4,000-5,000 Crore by listing its airport holdings company in the stock market. The company will repay the amount from the amount received from the IPO and will also use a portion to increase the business. There is a lot of money coming in the stock market right now. At the same time, foreign investors have also increased interest in the Indian market since Moody’s has increased the sovereign rating of India. Because of this, the benchmark index reached a new peak in 2018. Therefore, Indian companies are preparing to bring an IPO after one.
For this issue, GMR is working with five Lead Managers like Kotak Mahindra Capital, JM Financial, Axis Capital, ICICI Securities, and America Merrill Lynch. This IPO of GMR may come in between April–June quarter. Many sources aware of this matter have given this information. Where the company will get an opportunity to reduce the debt, the IPO will also have the opportunity to sell their stake to private equity investors, who have invested and dissatisfied with the company.
This can be the largest infrastructure IPO till date. In May last year, IRB Infrastructure Developers Limited raised Rs 5,033 Crore from the listing in the stock exchange of Infrastructure Investment Trust (IRB Invest).
GMR Infra had a loan of Rs 14,340 Crore until September 2017. It is trying to sell the stake from its operational assets to repay the debt. The company had earlier planned to sell the stake in the company holding to a strategic investor, but later it withdrew the plan.
01/02/18 Akash Gokhe/FinanceExchange
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For this issue, GMR is working with five Lead Managers like Kotak Mahindra Capital, JM Financial, Axis Capital, ICICI Securities, and America Merrill Lynch. This IPO of GMR may come in between April–June quarter. Many sources aware of this matter have given this information. Where the company will get an opportunity to reduce the debt, the IPO will also have the opportunity to sell their stake to private equity investors, who have invested and dissatisfied with the company.
This can be the largest infrastructure IPO till date. In May last year, IRB Infrastructure Developers Limited raised Rs 5,033 Crore from the listing in the stock exchange of Infrastructure Investment Trust (IRB Invest).
GMR Infra had a loan of Rs 14,340 Crore until September 2017. It is trying to sell the stake from its operational assets to repay the debt. The company had earlier planned to sell the stake in the company holding to a strategic investor, but later it withdrew the plan.
01/02/18 Akash Gokhe/FinanceExchange
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