GMR Surges 17% in 2 Days
  • WebDesk BTVI
  • Mar 27 2019

The company has announced a proposed investment of Rs.8000 Cr by Tata Group, GIC and SSG Capital in its Airports business. Rs 1000 Cr will be used for equity infusion, Rs 7000 Cr will be towards stake purchase from GMR Infra. Investment has paved the way for a restructuring of the business by way of a demerger. GMR Infra will retain management control over the Airports Business. GMR Airports post-money valuation at Rs 22, 475 Cr assuming all Earn-outs are consummated.