Home » GMR Infra to raise Rs.4,000 cr

GMR Infra to raise Rs.4,000 cr

Aviation & Airports
0
April 1, 2015April 1, 2015
GMR Infra to raise Rs.4,000 cr

GMR Infrastructure plans to raise Rs 4,000 crore by FY16 through divestment of assets and share sale to reduce debt and ease cash flow. The loss-making infrastructure company plans to divest projects, monetise land assets and sell stake at holding company level to raise funds. It has put a freeze on capital expenditure for the next 2-3 years. While the company has toned down aggression in business, it is aggressively trying to improve the health of its balance sheet.

Leave a Reply