GMR Airports Limited has announced significant updates to its credit ratings profile, with Crisil Ratings Limited reaffirming its long-term rating while withdrawing its short-term facility rating. The company communicated these changes to BSE and NSE on February 13, 2026, under SEBI regulations governing credit rating disclosures.

Credit Rating Reaffirmation and Withdrawal

Crisil Ratings Limited has taken two key actions regarding GMR Airports' credit profile. The rating agency reaffirmed its 'Crisil A+ / Stable' rating for the company's Non-Convertible Bonds, demonstrating continued confidence in the company's long-term creditworthiness. This reaffirmation covers bonds worth Rs. 6,000 crores issued by the company.

Transition to CARE Ratings

The withdrawal of Crisil's short-term rating stems from GMR Airports' decision to obtain ratings from CARE Ratings Limited for its short-term banking facilities. CARE Ratings Limited has assigned a 'CARE A; Stable / CARE A1' rating for short-term bank facilities aggregating to Rs. 1,000 crores. This transition was previously communicated to the exchanges through the company's communication dated December 20, 2025.

Regulatory Compliance

The rating updates were disclosed in compliance with Regulations 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the complete letter from Crisil Ratings Limited available on its official website for stakeholder reference. Company Secretary and Compliance Officer T. Venkat Ramana signed the regulatory filing, ensuring proper documentation of these material developments.

Market Presence

GMR Airports Limited, formerly known as GMR Airports Infrastructure Limited, maintains its presence on both major Indian stock exchanges. The company trades under the symbol GMRAIRPORT on NSE and holds equity scrip code 532754 on BSE, along with multiple debt scrip codes for its various bond issuances.

GMR Airports Ltd. has recorded a significant block trade transaction on the National Stock Exchange (NSE), highlighting substantial institutional trading activity in the aviation infrastructure company's shares.

Block Trade Details

The transaction represents a considerable movement in GMR Airports' shares, with key parameters outlined below:

Transaction Significance

Block trades are typically executed by institutional investors, mutual funds, or large stakeholders looking to transact significant volumes without impacting the regular market price discovery mechanism. These transactions are usually conducted outside regular trading hours or through special trading windows to ensure minimal market disruption.

The transaction volume of approximately 2.30 million shares at Rs. 89.84 per share indicates substantial institutional interest in GMR Airports' equity. Such large-scale transactions often reflect strategic portfolio adjustments by institutional investors or potential changes in shareholding patterns.

Market Context

GMR Airports Ltd., being a prominent player in India's aviation infrastructure sector, regularly attracts institutional attention due to its strategic airport operations and growth prospects. Block trades of this magnitude typically signal confidence in the company's fundamentals and long-term business outlook among large investors.