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Tata consortium to tweak investment in GMR airports, reduce stake by 5%

The Tata Group's effective shareholding will now be 15 per cent in GMR Airports, translating into a shareholding of approximately 10 per cent in DIAL, said sources in the know

airport, plane

Arindam Majumder New Delhi
The Tata group will restructure its proposed investment in GMR Airports to comply with a policy clause which prevents airline groups from exceeding a 10 per cent stake in Delhi International Airport (DIAL). 

Tatas, which hold a majority in two airlines Vistara and Air Asia India, have now decided to reduce their holding in GMR Airports to 15 per cent from 20 per cent planned earlier to steer clear of any regulatory violation.   

Singapore-based sovereign wealth fund GIC, which is part of the consortium investing Rs 8,000 crore in GMR Airports, will pick up the stake being shed by

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First Published: Oct 29 2019 | 10:34 PM IST

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