Dealing with debt: GMR builds cash pile on divestment plank

In a four-part series, BS finds out how these companies overcame the hump, though the road to recovery is still precarious

At a time when several firms are facing insolvency, some have been able to restructure their debt. In a four-part series, starting with GMR, Business Standard finds out how these companies overcame the hump, though the road to recovery is still precarious

On November 8, 2016, the GMR Group signed an agreement with the Goa government for developing an international airport. The event was preceded by months of speculation that the group would divest stake in its airport portfolio. But, as it turned out, GMR had further entrenched itself in this business, 10 years after it started operating Delhi