GMR Airports Ltd. Approves Fundraising of up to 25,000 Crore and Forms SPV for Cargo City Project

GMR Airports Ltd. held a Board Meeting on August 21, 2025, where they approved several key items. The first is an enabling resolution for raising funds up to 25,000 Crore through various methods, including equity shares, non-convertible debentures, warrants, convertible securities, and foreign currency convertible bonds. This is subject to other regulatory and/or statutory approvals. The second approval is for the formation of a wholly owned subsidiary as a Special Purpose Vehicle (SPV) to undertake the Cargo City Project awarded by Delhi International Airport Limited (DIAL) to the Company. This decision comes after the Company emerged as the Selected Bidder to finance, design, develop, construct, operate, manage and maintain the Cargo City at the Indira Gandhi International Airport, New Delhi.