GMR to raise $300 million from Kuwait sovereign fund

MUMBAI (Reuters) - GMR Infrastructure Ltd said on Friday it is raising $300 million from Kuwait Investment Authority by selling foreign currency convertible bonds due in 2075.

GMR will use the funds to repay some outstanding obligations, it said in a statement. (http://bit.ly/1PE25O4)

(Reporting by Devidutta Tripathy; Editing by Subhranshu Sahu)