Description

GMR Hyderabad International Airport Limited's debt securities worth Rs. 2,100 crore (210,000 units at Rs. 100,000 face value) listed on BSE Debt Segment with 7.60% interest rate, maturing on January 22, 2041.

Summary

BSE has listed privately placed debt securities of GMR Hyderabad International Airport Limited on its debt market segment effective January 23, 2026. The listing comprises 210,000 units of reset rate debentures with a face value of Rs. 100,000 each, carrying a 7.60% per annum interest rate. The securities are rated CRISIL AA+/Positive and ICRA AA+/Positive, with maturity on January 22, 2041.

Key Points

  • Issuer: GMR Hyderabad International Airport Limited
  • Total Quantity: 210,000 units
  • Face Value: Rs. 100,000 per unit (Total issue size: Rs. 2,100 crore)
  • Issue Price: Rs. 100,000 (at par)
  • Scrip Code: 977480
  • Scrip ID: RRGHIAL41
  • ISIN: INE802J07043
  • Interest Rate: 7.60% per annum (reset rate structure)
  • Interest Payment: Quarterly, starting March 31, 2026
  • Credit Rating: CRISIL AA+/Positive, ICRA AA+/Positive
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Trading Mode: Dematerialized form only
  • Date of Allotment: January 22, 2026
  • Put/Call Options: As per Disclosure Document

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt instruments.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE802J07043
  • Securities to be traded with tick size of 1 paise
  • Trading members requiring clarification should contact BSE debt department at 22728352/8597/8995/5753/8915
  • Refer to Placement Memorandum at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details

Important Dates

  • Allotment Date: January 22, 2026
  • Listing Date: January 23, 2026
  • First Interest Payment: March 31, 2026
  • Interest Payment Frequency: Quarterly from March 31, 2026 to January 22, 2041
  • Maturity/Redemption Date: January 22, 2041

Impact Assessment

Market Impact: Minimal. This is a privately placed debt instrument targeted at institutional investors with high minimum investment requirements (Rs. 1 lakh per unit). The listing provides liquidity to existing holders but does not affect retail equity markets.

Issuer Impact: Positive for GMR Hyderabad International Airport Limited, as it provides long-term funding (15-year tenure) at a competitive rate of 7.60% with strong credit ratings (AA+). The quarterly interest structure and reset rate mechanism offer flexibility.

Investor Impact: Limited to institutional and high-net-worth investors who participated in the private placement. The strong credit ratings and airport infrastructure backing provide relative safety for debt investors.

Impact Justification

Routine debt listing notification for institutional investors. Limited impact on broader market as these are privately placed securities with restricted trading.