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GMR Airports Infrastructure is currently trading at Rs. 39.98, up by 1.13 points or 2.91% from its previous closing of Rs. 38.85 on the BSE.

The scrip opened at Rs. 39.00 and has touched a high and low of Rs. 40.00 and Rs. 38.71 respectively. So far 183527 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 44.30 on 09-Dec-2022 and a 52 week low of Rs. 31.70 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 40.05 and Rs. 38.31 respectively. The current market cap of the company is Rs. 23841.98 crore.

The promoters holding in the company stood at 58.90%, while Institutions and Non-Institutions held 32.04% and 9.04% respectively.

GMR Hyderabad International Airport (GHIAL), a subsidiary of GMR Airports and a step-down subsidiary of GMR Airports Infrastructure has successfully raised funds through the issuance of 10 year Listed, Rated, Redeemable, Secured Non-Convertible Debentures (NCDs) amounting Rs 840 crore, on private placement basis. The NCDs will be listed on BSE.

The NCDs have been priced at an interest rate of 8.71% per annum payable quarterly for an initial period of 5 years and thereafter interest rate will be reset for next 5 years. The issue has been subscribed by eligible investors (QIBs, registered under SEBI).

The proceeds from the NCDs will be utilized for partial refinancing of around $100 million of the existing Foreign Currency Bonds of 2024, for which tendering has been completed, along with accrued interest and other tender offer / issue expenses.

GMR Airports Infrastructure (formerly known as GMR Infrastructure)  is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.