GMR Sports refinances Rs 1,000 crore debt via ADIA, Barclays

GMR Sports Ventures refinanced ₹1,000 crore of debt through ADIA and Barclays at a lower double-digit interest rate. The bonds, originally raised at 16%, were refinanced to reduce costs. This is part of GMR Group's broader strategy to refinance debt across its businesses, including a recent ₹6,300 crore agreement with ADIA for GMR Infra Enterprises.