India's GMR Airports slips to more than 4-month low as Q2 loss widens

GMR Airports (India)

25/10/2024 07:50

** GMR Airports  GMRI.NS  falls 4.2% to 79.1 rupees, its
lowest in over four months
    ** Airport operator's September-quarter consol loss after
tax widens to 4.29 bln rupees ($51 mln) vs year-ago 1.90 bln
rupees
    ** Co raises funds up to 15 billion bln via issue of
non-convertible bonds
    ** Stock down ~2% so far this year after jumping ~103% in
2023
    
($1 = 84.0670 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))