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4 days agoGMR Airports secures ₹750 crore loan from Axis Bank for Delhi cargo-city development
GMR Cargo & Logistics, a subsidiary of GMR Airports, has obtained a term loan facility of ₹750 crore from Axis Bank to develop a 50.5-acre cargo city at Delhi’s IGIA airport. The funding is backed by a sponsor support undertaking and a pledge/NDU on 51% of GCLL shares in favour of Axis Bank, per the company’s stock-exchange filing.
Companies:
- GMR Airports
- GMR Cargo & Logistics
- Axis Bank
Tags:
- GMR Airports
- Axis Bank
neutral
4 days agoGMR Airports secures ₹750 crore loan from Axis Bank for Delhi cargo-city development
GMR Cargo & Logistics, a subsidiary of GMR Airports, has obtained a term loan facility of ₹750 crore from Axis Bank to develop a 50.5-acre cargo city at Delhi’s IGIA airport. The funding is backed by a sponsor support undertaking and a pledge/NDU on 51% of GCLL shares in favour of Axis Bank, per the company’s stock-exchange filing.
Companies:
- GMR Airports
- GMR Cargo & Logistics
- Axis Bank
Tags:
- GMR Airports
- Axis Bank
1 min read
58 words
GMR Cargo & Logistics raised ₹750 crore from Axis Bank to build a 50.5-acre cargo city at Delhi’s IGIA airport, backed by pledged shares.
GMR Cargo & Logistics, a subsidiary of GMR Airports, has obtained a term loan facility of ₹750 crore from Axis Bank to develop a 50.5-acre cargo city at Delhi’s IGIA airport. The funding is backed by a sponsor support undertaking and a pledge/NDU on 51% of GCLL shares in favour of Axis Bank, per the company’s stock-exchange filing.
GMR Cargo & Logistics, a subsidiary of GMR Airports, has obtained a term loan facility of ₹750 crore from Axis Bank to develop a 50.5-acre cargo city at Delhi’s IGIA airport. The funding is backed by a sponsor support undertaking and a pledge/NDU on 51% of GCLL shares in favour of Axis Bank, per the company’s stock-exchange filing.
Companies:
- GMR Airports
- GMR Cargo & Logistics
- Axis Bank
Tags:
- GMR Airports
- Axis Bank
- GMR Airports
- Axis Bank
- infrastructure loan
- cargo city
Nov 27, 2025 • 14:34