GMR Infrastructure Plans $150M PE Fundraising

India’s GMR Infrastructure Ltd., which develops airport and energy projects, plans to raise $150 million in private equity funding, Reuters reported. The company is in the process of securing government approval for the fundraising, which will support its airport business. Last month, GMR said Macquarie SBI Infrastructure Investments had invested $200 million in its unit, GMR Airports Holding Ltd, which runs the Delhi and Hyderabad airports, Reuters wrote.

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