Page 3 - Gmr Airports

GMR Airports Infrastructure shoots up by 8% on healthy business outlook

Shares of GMR Airports Infrastructure shot up 8.2 per cent at Rs 92.34 a piece on Friday's intraday trade. A combined 3.07 million shares of the company changed hands on the BSE

GMR Group, IndiGo tie up for digital transformation in Indian aviation

GMR Group and IndiGo Airlines on Thursday announced a strategic collaboration forming a digital consortium aimed at reshaping the landscape of the Indian aviation industry. A press release from GMR said the partnership brings together the diverse strengths of GMR's infrastructure expertise and IndiGo Airlines' innovative approach to air travel. The consortium will focus on deploying cutting-edge technologies to enhance operational efficiency, passenger experiences, and overall industry sustainability. While GMR Group and Indigo will be the founding partners of this industry consortium, the initiative aims to collaborate with multiple stakeholders of the aviation ecosystem to drive the key objectives of driving technological innovation, enhancing passenger services, achieving operational excellence, and embracing sustainable practices to minimize environmental impact. The key objectives of the consortium includes technological innovation, enhanced passenger services and operational .

Stocks to Watch on Jan 17: Asian Paints, HDFC Bank, LTTS, Godrej Prop, LTIM

Stocks to watch on Wednesday, January 17, 2024: HDFC Bank reported a 34 per cent jump in its standalone net profit to Rs 16,373 crore for Q3FY24, topping estimates by over 1 percentage point

Fog impact: Give real-time update on flight delays, DGCA tells airlines

DGCA to issue SOP to airlines for better communication with passengers as fog impacts flight operations, he added

For GMR group, in its demerged avtaar, airports division is a bigger star

The group's non-airport entity is still work in progress in terms of stronger liquidity and asset exits

NIIF to invest Rs 675 crore in GMR's Bhogapuram airport in Andhra Pradesh

This is part of the financial partnership announced in December 2022 in which NIIF would invest in the equity capital of three airport projects of the GMR group

GMR receives Rs 3,215-crore term loan for Vizag International Airport

The project cost would be funded by Rs 3,215 crore debt, equity and equity-linked instruments of Rs 1,377 crore, and a grant of Rs 135 crore by the Andhra Pradesh government

GQG Partners checks in at GMR Airports Infrastructure, buys 4.7% stake

Total 11.8% equity stakes changed hands in block deals

Four entities sold GMR Airports Infra shares worth Rs 4,136 crore

Four entities on Friday pared 11.7 per cent stake in GMR Airports Infrastructure for Rs 4,136 crore through open market transactions. According to the bulk deal data available with the BSE, A/D Investors Fund LP, ASN Investments Ltd, Varanium India Opportunity Fund and Deccan Value Investors Fund LP offloaded more than 70.99 crore shares, amounting to 11.75 per cent stake in GMR Airports Infrastructure. The shares were sold in the price range of Rs 58.20-58.47 apiece, taking the combined transaction value to Rs 4,135.84 crore. Varanium India Opportunity Ltd, ASN Investments and A/D Investors Fund LP offloaded their entire stakes and exited the firm, while Deccan Value Investors Fund LP shareholding reduced stake to 0.96 per cent from 1.89 per cent. Meanwhile, Rajiv Jain-backed GQG Partners bought 28.28 crore shares, amounting to a 4.7 per cent stake in GMR Airports Infrastructure. The shares were acquired at an average price of Rs 59.09 per piece, taking the transaction value to R

Delhi airport passenger traffic between April-October highest ever: GMR

In October, the Indira Gandhi International Airport handled the highest monthly traffic yet in FY24 at 6.08 million

GMR Airports to raise upto Rs 50 bn through debentures to retire old debt

In talks to tie-up funding for airport in Andhra Pradesh

GMR Airports Infrastructure reduces loss to Rs 190 cr in Jul-Sep quarter

GMR Airports Infrastructure Ltd (GIL) on Monday reported its consolidated net loss reduced to Rs 190 crore in the July-September quarter of the current fiscal year. The company had reported a net loss of Rs 197 crore in the quarter ended September 30, 2022. Company's net income during the reporting quarter rose 25 per cent to Rs 1,607 crore against a net income of Rs 1,285 crore achieved in the second quarter of previous fiscal, GIL said in a statement. The total passenger traffic increased by 25 per cent year-on-year to 26.5 million in the July-September period, the company said. EBITDA (earnings before interest, taxes, depreciation and amortisation) during the September quarter grew by 34 per cent year-on-year to Rs 848 crore, it said. According to GIL, passenger traffic at Delhi airport increased to 17.7 million, up 18 per cent YoY from 15 million in the corresponding quarter of FY23. Domestic traffic witnessed a 16 per cent YoY growth, while international traffic rose by 22 pe

GMR Airports purchases 11% more stake in GMR Hyderabad Airport for $100 mn

GAL also owns a majority in Delhi International Airport Limited (DIAL), which runs the Delhi airport

GMR Airports, affiliates to buy 11% additional stake in Hyderabad airport

GMR Aiports holds a 63% stake in GMR Hyderabad International Airport (GHIAL). The acquisition will raise its stake to 74%

GMR Airports hits over 13-year high; soars 45% in 1 month on solid earnings

The company said air passenger traffic would gain further momentum with addition of routes and airline capacity

GMR Airports Infrastructure plans to raise Rs 5,000 cr in Aug 14 meeting

GMR Airports Infrastructure Ltd on Tuesday said its board will consider raising funds of up to Rs 5,000 crore during the meeting on August 14. At the meeting, the board will also consider the company's unaudited financial results for the quarter ended June, according to a regulatory filing. The board will consider "raising of funds up to Rs 5,000 crore in one or more tranche(s), through issue of securities including a Qualified Institutions Placement and/or Foreign Currency Convertible Bonds and/or any other securities as an enabling resolution as per the requirements of applicable laws which shall be subject to the approval of shareholders and other regulatory and/or statutory approvals, as applicable," it said. Among others, GMR Group operates airports in Delhi, Hyderabad and Goa. Shares of the company rose more than 1 per cent to close at Rs 52.11 apiece on the BSE.

GMR announces divestment of warehouse facility located at Hyderabad Airport

GHIAL signed the definitive agreements and closed the transaction with ILP Core Ventures I PTE Limited at an enterprise value of Rs 188.1 crore

CCI clears GMR Airports Infrastructure-Aeroports de Paris SA deal

Fair-trade regulator CCI on Friday said it has approved the proposed deal of GMR Airports Infrastructure and Aeroports de Paris SA (ADP) under the green channel route. The proposed combination involves ADP's proposed acquisition of and subscription to foreign currency convertible bonds (FCCB) issued by GMR Airports Infrastructure Ltd, according to a CCI notice. The Competition Commission of India (CCI) has cleared the deal. It has also given nod to the proposed intra-group merger of GMR Airports Ltd and GMR Infra Developers Ltd (GIDL) with and into GMR Airports Infrastructure Ltd. Also, the regulator has given its nod to the proposed acquisition by ADP (and its group entities) of equity shares and optionally convertible redeemable preference shares of GMR Airports Infrastructure post-merger, CCI said. On March 19, GMR Airports Infrastructure Ltd (GIL) announced the merger of GMR Airports Ltd with GIL. ADP is an international airport operator owned by the French Government, while G

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ADP merger likely to give wings to GMR Airports Infrastructure stock

Current fair value of Rs 48-Rs 50 indicates room for upside