New Delhi, August 21, 2025 – GMR Airports announced that its Board of Directors has approved plans to raise up to ₹5,000 crore in fresh capital, while also setting up a wholly owned subsidiary to execute the upcoming Delhi Cargo City Project.
According to the company’s filing with the Bombay Stock Exchange (BSE), the funds may be mobilized in multiple tranches through a mix of instruments. These include equity shares, non-convertible debentures with warrants, convertible securities, and other permissible instruments, either via Qualified Institutional Placement (QIP), Foreign Currency Convertible Bonds (FCCBs), or other financing routes.
The resolution, which is subject to shareholder approval and necessary statutory clearances, marks a significant step in GMR’s strategy to strengthen its financial position and expand cargo infrastructure.
In addition, the Board approved the creation of a Special Purpose Vehicle (SPV) to develop and manage the Delhi Cargo City, a project awarded by Delhi International Airport Limited (DIAL). The facility is expected to enhance India’s air cargo capacity and support growing demand for logistics and freight services.
This decision follows GMR’s earlier disclosure on August 13, 2025, when the company was selected to finance, design, build, operate, and maintain the Cargo City at Indira Gandhi International Airport, New Delhi.