 "The company reported consolidated net loss of approximately Rs 834 crore in Q1FY21")
Shares of GMR Infrastructure advanced 10 per cent and hit a fresh 52-week high of Rs 28.25, in the early morning deals, on the BSE on Friday after the company decided to separately list its airport business. The company’s board on Thursday passed a proposal that will see the holding company, GMR Infrastructure, demerge into airport and non-airport entities.
According to the restructuring process, the non-airport business, comprising energy, urban infrastructure, and EPC services, will be moved to GMR Power and Urban Infra Ltd (GPUIL) as a going concern. GMR Infrastructure Ltd (GIL) will turn into a pure-play airport-owning company,
