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GMR Infrastructure to divest 49% in GMR Airports to Tata Group

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GMR Infrastructure has decided to increase the transaction size by agreeing to divest 49% in GMR Airports (vs previously agreed 44.44%) to TRIL Urban Transport (part of Tata Group), an affiliate of GIC and SSG Capital Management in one or more tranches, such closings being subject to regulatory approvals.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 16 2020. 10:40 IST
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