GMR Infra issues debentures worth Rs 250 cr to GMR Airports

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.