GMR Airports Ltd (India)

GMR Airports Limited will close its trading window for all designated persons and their immediate relatives from the end of business hours on September 30, 2026, until 48 hours after the declaration of the company’s unaudited financial results for the quarter and half year ending September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

GMR Airports Limited announced the allotment of 10,20,00,000 equity shares of Re. 1/- each to GMR Infra Services Private Limited, a subsidiary of Aeroports de Paris S.A., following the conversion of 25,50,000 Optionally Convertible Redeemable Preference Shares of Rs. 40/- each, as part of a composite scheme of amalgamation and arrangement that became effective July 25, 2024.

GMR Airports Limited has made voluntary prepayment of principal amount along with accrued interest and redemption premium to the holders of its Non-Convertible Bonds, according to a filing with the BSE Limited and National Stock Exchange of India Ltd. The company prepaid Rs 1,100 crore and Rs 400 crore of bonds with ISINs INE776C08059 and INE776C08067 respectively, including interest accrued and redemption premium net of tax amounting to Rs 125.17 crore and Rs 43.70 crore. The redemption date was September 25, 2026, and September 28, 2026, respectively, representing a premature redemption of the bonds originally due February 25, 2028, and April 3, 2028.

GMR Airports Limited announced that its Indian subsidiary, GMR Hospitality Limited (GHL), has been selected as the bidder to operate Food & Beverage outlets at Terminal 3 of Indira Gandhi International Airport in New Delhi, under a license agreement with Delhi International Airport Limited, another subsidiary of GMR Airports. The agreement, commencing May 2036, with a potential extension to 2046, anticipates license fees of approximately Rs 49 Cr for FY 2026-27 and Rs 109 Cr for FY 2027-28, paid via a revenue-sharing model with a minimum monthly guarantee, and does not involve any related-party interest beyond existing shareholdings in DIAL & GHL.

GMR Airports Limited has allotted 1,50,000 non-convertible bonds of INR 1 lakh face value each, totaling INR 1,500 crores, on a private placement basis to refinance existing NCBs, according to a regulatory filing on September 09, 2026. The bonds carry an interest rate of 9.56% and a tenure of up to 36 months, replacing existing NCBs with a rate of 10.75%.

GMR Airports Limited has received approval from its Management Committee to issue 1,50,000 5% coupon, INR 1 lakh face value, Listed, Unsecured, Rated, Redeemable Non-Convertible Bonds, aggregating up to Rs 1,500 crore, on a private placement basis for a tenure of up to 36 months to refinance existing NCBs of the same amount.

GMR Airports Ltd announced that CARE Ratings Limited has assigned ratings of “CARE AA-; Stable” and Crisil Ratings Limited has assigned ratings of “Crisil AA-; Stable” for the proposed issuance of Non-Convertible Bonds up to INR 1,500 crores, intended for refinancing existing Non-Convertible Bonds. Furthermore, Crisil Ratings Limited has upgraded its ratings from “Crisil A+; Stable” to “Crisil AA-; Stable” for Non-Convertible Bonds already issued by the Company amounting up to INR 5,900 crores (originally assessed and now upgraded for NCDs of up to INR 6,000 crore), with copies of the letters from both CARE Ratings Limited and Crisil Ratings Limited available on the company website.

GMR Airports Ltd announced rating enhancements from CARE Ratings Limited, upgrading its ratings from “CARE A+; Positive” to “CARE AA-; Stable” for Non-Convertible Bonds issued by the company amounting to up to Rs. 1500 crores only, and also upgrading its ratings from “CARE A+; Positive” to “CARE AA-; Stable” for Long Term Bank Facilities availed/to be availed; CARE Ratings Limited has reaffirmed its rating of “CARE A1+” for the Short Term bank facilities availed by the company, with copies of the letters issued by CARE Ratings Limited available on the company’s website, and no other rating agencies or instruments were mentioned.

GMR Airports Limited will hold a board meeting on August 12, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026, and to enable a resolution for raising up to Rs 5,000 crore through the issuance of securities, including a Qualified Institutions Placement and/or Foreign Currency Convertible Bonds. The board will also consider the issuance of INR-denominated bonds for an aggregate amount of up to Rs 1,500 crore on a private placement basis.

The key equity benchmarks witnessed minor gains in morning trade despite mixed global cues. Investor sentiment remained supported by selective buying in frontline stocks, helping the domestic indices to trade in positive terrain, with the Nifty traded above the 24,100 level. Investors will continue to monitor developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for further cues on market direction. IT shares witnessed buying interest after declining in the past two trading sessions. At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 160.71 points or 0.21% to 77,345.60. The Nifty 50 index added 40.85 points or 0.16% to 24,121.40. In the broader market, the BSE 150 MidCap Index rose 0.26% and the BSE 250 SmallCap Index climbed 0.17%. The market breadth was positive. On the BSE, 2,124 shares rose and 1,586 shares fell. A total of 204 shares were unchanged. New Listing: Shares of Laser Power & Infra were currently trading at Rs 263.20 at 10:20 IST on the BSE, representing a premium of 22.99% as compared with the issue price of Rs 214. The stock debuted at Rs 269, marking a premium of 25.7% to the issue price. So far, the stock has hit a high of Rs 269 and a low of Rs 250. On the BSE, over 54.56 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty IT index jumped 1.55% to 28,973.45. The index fell 1.67% in past two consecutive trading sessions. HCL Technologies (up 2.65%), LTM (up 2.04%), Tech Mahindra (up 1.94%), Persistent Systems (up 1.79%) and Wipro (up 1.73%), Mphasis (up 1.27%), Infosys (up 1.22%), Coforge (up 1.19%), Oracle Financial Services Software (up 0.99%) and Tata Consultancy Services (up 0.83%) surged. Stocks in Spotlight: GMR Airports declined 1.56% after the company handled around 10 million passengers in June 2026, marking a marginal 0.3% year-on-year (YoY) decline in passenger traffic. Domestic passenger traffic fell 0.4% YoY to 7.4 million, while international passenger traffic remained broadly flat at 2.4 million, up 0.1% YoY. GTPL Hathway slipped 1.01% after the company's consolidated net profit declined 78% to Rs 2.32 crore in Q1 FY27, compared with Rs 10.56 crore posted in Q1 FY26. Revenue from operations rose 12.4% year-on-year to Rs 1,015.41 crore in Q1 FY27.Powered by Capital Market - Live