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BQ Exclusive: GMR Group Approaches Banks To Restructure Debt Of Two Units
GMR mulling restructuring debt of its airports and transportation businesses.
07 May 2020, 02:57 PM IST
The New Delhi-headquartered GMR Group has approached banks to restructure debt of its airport and transportation business, three people familiar with the matter told BloombergQuint on condition of anonymity.These businesses have been severely impacted by the nationwide lockdown imposed to curb the spread of Covid-19, prompting the group to consider a restructuring of the debt housed in these units.Talks are at a preliminary stage and...
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