GHIAL To Raise $300 Million Via Bonds For Hyderabad Airport's Expansion

GHIAL to raise $300 million via bonds for Hyderabad airport's expansion
Hyderabad airport is run by GHIAL, where the GMR group holds 63 per cent stake. The airport handled around 21 million passengers in 2020.
PTI
Rajiv Gandhi International Airport, Hyderabad (Image: Wikimedia Commons)
Hyderabad airport operator GHIAL will raise $300 million (about Rs 2,190 crore) by issuing bonds in overseas market to fund its expansion plans, the GMR group said on Wednesday. The airport is targeting to raise its capacity to 34 million passengers per annum.
"GMR Hyderabad International Airport Limited (GHIAL) announced that it had on January 26, 2021, successfully priced an offering of $300 million bonds in the international bond market," GMR group said in a statement. Hyderabad airport is run by GHIAL, where the GMR group holds 63 per cent stake. The airport handled around 21 million passengers in 2020.

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