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