Date22/09/11,
Private Equity,
Domestic Deal, Announced,
GMR Infrastructure Ltd may raise funds from Private Equity investors for it's highway projects.
GMR has bid for a 555Km highway project connecting Ahemadabad to Kishangarh. If it wins the bid, GMR will have to infuse INR17500 million equity for the INR 70000 million. NHAI project as this projects traditionally work on 75:25 debt equity ratio. It may raise upto Rs960Cr from PE funds to infuse equity in various road projects.
GMR Group has raised about INR1300Cr through the PE routes for it's airport, power and other business divisions. Investors include Macquarie-SBI Infrastructure Fund, Standard Chartered Private Equity Limited, India Development Fund, Citi Venture Capital International and IDFC Project Equity among others
GMR has bid for a 555Km highway project connecting Ahemadabad to Kishangarh. If it wins the bid, GMR will have to infuse INR17500 million equity for the INR 70000 million. NHAI project as this projects traditionally work on 75:25 debt equity ratio. It may raise upto Rs960Cr from PE funds to infuse equity in various road projects.
GMR Group has raised about INR1300Cr through the PE routes for it's airport, power and other business divisions. Investors include Macquarie-SBI Infrastructure Fund, Standard Chartered Private Equity Limited, India Development Fund, Citi Venture Capital International and IDFC Project Equity among others
No comments:
Post a Comment