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ā¢ GMR Airports, the holding company of airports in Delhi, Hyderabad, and Goa, raised Rs 1,950 crore in a three-year debt facility from Standard Chartered Bank, JPMorgan, Deutsche Bank, Varde Partners, and Trust Investment.
ā¢ The funds will be used to refinance high-cost borrowings and invest in subsidiaries.
ā¢ GMR Airports plans to raise a total of Rs 5,000 crore by March 2024, with Rs 2,300 crore to be raised by the end of December.