Maldives authorities have allowed Male International Airport operator GMR Infrastructure to collect airport development and insurance charges from passengers, nearly a month after a local court barred the Bangalore-based company from doing so. In December 2011, a Male civil court had stopped GMR from collecting airport development charge (ADC), saying it was identical to existing airport service charges being collected from passengers. GMR, which is overseeing the renovation of the airport, had earlier tried to include ADC in the airline ticket price, but the International Air TransportAssociation (IATA) had disallowed it.
On Sun, Jan 8, 2012 at 11:12 AM, Siddanth Gupta <[email protected]>wrote: > PTI > GMR Infra issues debentures worth Rs 250 cr to GMR Airports > > NEW DELHI: GMR Infrastructure today said it has allotted 2,500 non- > convertible debentures to group firm GMR Airports Holdings for Rs 250 > crore. > > "The company (GMR Infrastructure) has allotted 2,500 non-marketable, > unsecured, non-convertible debentures of face value of Rs 10 lakh > each, aggregating to Rs 250 crore, to GMR Airports Holding," GMR > Infrastructure said in a filing to the BSE. > > The debentures were allotted on January 6, 2012. A debenture is a debt > instrument used by companies to borrow money. -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
