India: GVK Airport in talks to raise $200m to refinance loans

India: GVK Airport in talks to raise $200m to refinance loans

File photo of the Mumbai airport. GVK Airport owns a majority 50.5% stake in Mumbai International Airport and 43% in Bengaluru International Airport. Photo: Abhijit Bhatlekar/Mint

GVK Airport Developers Ltd, a unit of GVK Power and Infrastructure Ltd, is in talks to raise close to $200 million in structured debt to refinance a part of its borrowings, two people aware of the discussions said.

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