GMR Group has received a significant investment of Rs 6,300 crore from a subsidiary of the Abu Dhabi Investment Authority. The investment is in the form of structured debt instruments of GMR Infra Enterprises Private Limited.
Once finalized, the funds will be used to refinance all external debt of GMR Enterprise Private Ltd, the promoter of GMR Airports Ltd. This is expected to reduce the GMR promoter group's pledge on its shareholding in GMR Airports Ltd.
The group currently operates major airports in India, as well as airports in the Philippines and Indonesia.