Shares of GMR Airports Infrastructure Ltd surged nearly 2% in the opening trading session of March 28, Thursday after its arm, GVIAL, received ₹394.88 crore from NIIF towards the subscription of 39.48 crore CCDs.
A step-down subsidiary of the company has received Rs 394.88 crore from the National Investment and Infrastructure Fund (NIIF) against a subscription of 39,48,82,351 compulsory convertible debentures (CCDs) of Rs 10 each from GVIAL.
As of 10:09 am, the shares were trading 1.32% higher at ₹80.85.
About the company –
GMR Airports Limited is a leading global airport developer possessing a marquee airport asset portfolio. Our strengths lie in bidding, financing, project & operations management and partnership development. GMR Visakhapatnam International Airport Limited (GVIAL), a subsidiary of GMR Airports Limited (GAL), is developing a Greenfield International Airport at Bhogapuram, Vizianagaram in Andhra Pradesh.
