GMR Enterprises to Raise INR 6,300 Crores from Abu Dhabi Investment Authority

GMR Enterprises Private Limited, a promoter of GMR Airports Infrastructure Ltd, has entered into agreements with Platinum Rock B 2014 RSC Limited, in its capacity as the trustee for the Platinum Stone A 2014 Trust, under which GMR Infra Enterprises Private Limited will raise up to INR 6,300 crores by way of secured optionally redeemable debentures. The Abu Dhabi Investment Authority, a public institution established by the Government of the Emirate of Abu Dhabi, is the sole beneficiary of the Platinum Stone Trust. The debentures have an overall maturity period of 8 years and are proposed to be secured by GEPL through a share pledge created over shares of the Company and GMR Infra Enterprises Private Limited. The transaction does not involve the issuance of any shares or securities by GMR Airports Limited and does not constitute related party transactions. The Company is not a party to any of these agreements and there is no impact expected on the day-to-day operations of the Company.