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GMR Infra Issues Debentures Worth Rs 250 Cr to GMR Airports

  • GMR Infrastructure today said it has allotted 2,500 non-convertible debentures to group firm GMR Airports Holdings for Rs 250 crore."The company (GMR Infrastructure) has allotted 2,500 non-marketable, unsecured, non-convertible debentures of face value of Rs 10 lakh each, aggregating to Rs 250 crore, to GMR Airports Holding," GMR Infrastructure said in a filing to the BSE.The debentures were allotted on January 6, 2012. A debenture is a debt instrument used by companies to borrow money.

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