Mumbai: Closely held GMR Sports Venture, which partly owns Delhi Capitals cricket team, raised ₹1,000 crore three-year unlisted, unrated, secured bonds at 16% last week from JM Financial fund and Elham Credit Partners, a private credit fund owned by Hillhouse Investment, said people with knowledge of the matter. JSW GMR Cricket, a 50:50 JV between … Read more
BENGALURU – Index provider MSCI raised India‘s weightage in its Global Standard (Emerging Markets) index to a historic high of 18.2% following its February review, and the changes will come into effect after market close on Feb. 29. India’s weightage in the index has nearly doubled since November 2020. The climb can be attributed to … Read more
“It is a large market and as India’s economic growth gathers steam as per capita income goes above $2500, there will be an increase in movement and shift from rail travel to air travel and we want to capture that opportunity for sure,” says Saurabh Chawla, GMR Infra. After the last few years of restructuring, … Read more