GMR Infra’s Holding Company plans LSE Listing

GMR Infrastructure

GMR Infrastructure‘s holding company plans to list itself on the London Stock Exchange. We believe that this would be positive for the stock as it would ease funding pressure for the group. GMR Infrastructure is slated to deploy a total of about Rs227 bn over the next three years, of which about Rs45 bn would be GMR Infra’s equity contribution in various SPV’s, & an additional Rs182 bn would be raised as debt funding for these projects. This does not include the USD1 bn bridge loan availed to acquire a 50% stake in Intergen and is due for repayment in May 2010.
[Business Standard]


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