GMR Group secures ₹6,300 crore investment from Abu Dhabi Investment Authority
GMR Group has successfully secured a ₹6,300 crore investment from Abu Dhabi’s sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA). The funds, received on January 7, will primarily be utilized to reduce the debt of GMR Enterprises Pvt Ltd (GEPL), the promoter group entity of GMR Group.
According to a regulatory filing, the investment was made through the allotment of Optionally Convertible Debentures (OCDs) to GMR Infra Enterprises Pvt Ltd (GIEPL), a wholly-owned subsidiary of GEPL, which is controlled by G M Rao. GEPL also serves as the promoter entity of GMR Airports Ltd (GAL).
“This investment will enable GMR Enterprises Private Ltd (Promoter HoldCo) to significantly reduce its debt, which was secured against a pledge of shares. It will also lower share pledges and mitigate refinancing risks. This transaction marks the establishment of a capital partnership between GMR Promoters and ADIA,” the company stated in its filing to the Bombay Stock Exchange (BSE).
GMR Group had announced the ₹6,300 crore debt funding from ADIA in October of last year, marking a key milestone in strengthening its financial position.
The Group operates three major airports in India—Delhi, Hyderabad, and Goa—as well as international airports in the Philippines and Indonesia. The infusion of funds is expected to bolster GMR’s financial flexibility and growth plans across its airport operations.
