GMR Airports raises ₹1,110 crore GMR Airports has raised ₹1,110 crore from JPMorgan Securities and Morgan Stanley India Primary Dealer Pvt Ltd to make timely payments on bonds due on September 24, said several persons aware of the development. GMR Airports had a ₹1,330-crore payment due on September 24 to DB International, Standard Chartered Bank and Aditya Birla Special Situation Fund. It raised two-year bonds at 12.13% through private placement of bonds on September 22 to repay the trio.GMR Airports, which operates Delhi and Hyderabad airports, paid entire dues to DB International and Aditya Birla Capital, but part payment was made to Standard Chartered Bank, as reported by ET on September 17. On September 22, it raised ₹795 crore from JP Morgan Securities and ₹315 crore from Morgan Stanley India Primary Dealer through private placement of bonds, the people said.Financial covenants of the bond documents stipulate that the indebtedness of Delhi International Airport (DIAL) cannot exceed $1.94 billion and that of GMR Hyderabad International Airport (GHIAL) cannot exceed $1.75 billion until the new bonds are redeemed.