 "GMR")
GMR Infrastructure on Thursday said France's Groupe ADP would acquire a 49 per cent stake in its airport business for an equity consideration of Rs 10,780 crore. The company has signed a share-purchase agreement with Groupe ADP valuing GMR Airports Limited at Rs 22,000 crore. GMR manages the Delhi and Hyderabad airports.
GMR Group Chairman G M Rao said: “The partnership with Groupe ADP is in line with GMR’s business direction… With Groupe ADP, GMR will have smoother access to global markets, opening up newer avenues of business growth.”
"The first tranche of Rs 5,248 crore will be received by
