GMR Infrastructure reports 2.4x increase in net loss to Rs 398 cr in Q2, blaming idle power assets due to fuel scarcity.
GMR Infrastructure reports Q4 net loss of Rs 1,006.7 crore due to one-time loss from InterGen NV dissociation and Delhi airport losses.
Promoters have increased their holdings significantly amidst falling stock prices, supported by new Sebi regulations allowing higher stake acquisitions, enhancing investor confidence.
Corporates are launching new funds to acquire assets in the Indian property market, anticipating significant value erosion. Several groups are raising funds ranging from Rs 500 crore to Rs 1,000 crore, targeting both upcoming projects and existing assets.