GMR Infrastructure, which sold shares to billionaire George Soros and Citigroup Inc in December, plans to raise $3 billion (Rs 12,000 crore) over “four or five years’’ to help fund expansion of power projects.
The Bangalore-based company, with interests in power plants, airports and roads, might raise about $2 billion through debt and $1 billion from equity markets to help increase its power capacity six-fold.
GMR Infrastructure had $2 billion of debt as of February 29, of which 7 per cent is in foreign currencies, the company said.
Read more in The Business Standard article.
No comments:
Post a Comment