GMR Airports plans to raise Rs 5,700 crore to refinance debt

Wait 5 sec.

The company is tapping a mix of banks, NBFCs, and mutual funds at a blended cost of around 10.5%, potentially lowering its average borrowing cost by nearly 300 basis points. Tata Capital is expected to contribute Rs 1,000 crore, while JP Morgan, Deutsche Bank, and Barclays are likely to bring in Rs 1,000 crore, Rs 1,500 crore, and Rs 1,000 crore, respectively. Mutual funds may provide the remaining Rs 1,200 crore.