GMR Infrastructure Ltd reply to clarification sought by the exchange
The Exchange had sought clarification from the Company with respect to news appearing in Business Standard on September 24, 2015 titled "Rating slashed to default for GMR's road project" The Company replied stating "This is in reference to the recent reports in Media regarding the rating downgrade for long term loans to GMR Hyderabad Vijaywada Expressway Pvt Ltd ("GHVEPL"). Company has been making payments to all it's lenders and in line with the RBI guidelines the asset is standard....24-09-2015