This chapter discusses the financial situation of GMR, a company involved in building roads and commercial properties. It mentions the debt trouble GMR has faced in the past and how its airport expansion has led to a significant increase in debt. However, it also highlights that GMR's airports are in high traffic areas and have a near monopoly in prime cities, which could result in a steady stream of passengers. The chapter concludes by questioning whether the stock of GMR is too expensive due to the interest on debt affecting the company's bottom line.
In today’s episode for 2nd September 2023, we dive into why everyone’s suddenly interested in the airport business.
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