StockWatch
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Airport & Airport services
Loan & Debt7 Sept 2026, 10:00 pm

GMR Airports Ltd to Voluntarily Redeem Non-Convertible Bonds Worth ₹1,500 Crores

AI Summary

GMR Airports Limited has issued a notice for the voluntary redemption of Non-Convertible Bonds (NCBs) totaling ₹1,500 Crores. This action is in accordance with the provisions of the Bond Trust Deeds executed with Catalyst Trusteeship Limited. The redemption affects bonds with ISINs INE776C08067 (₹400 Crores) and INE776C08059 (₹1,100 Crores). The voluntary redemption dates are set for September 28, 2026, and September 26, 2026, respectively. As the latter date falls on a non-business day, payments will be processed as per the Bond Trust Deeds' terms, ensuring redemption on or before the specified dates.

Key Highlights

  • GMR Airports Ltd initiates voluntary redemption of NCBs.
  • Total redemption value amounts to ₹1,500 Crores.
  • Redemption dates are September 28, 2026, and September 26, 2026.
  • Action is in line with Bond Trust Deed provisions.
  • Payment to bondholders will be made on or before redemption dates.