GMR Group on Friday said its joint venture Angkasa Pura Aviasi has started operating the Kualanamu International Airport in Medan, Indonesia
Airport operators Groupe ADP and GMR Airports together with Airbus, Axens and Safran have signed a MoU to conduct a joint study on Sustainable Aviation Fuels (SAF)
GMR Airports Limited (GAL)said it won a bid for the development and operation of Kualanamu International Airport in Medan, Indonesia
GMR Infrastructure said it has received consent from stock exchanges, with no adverse observations, on its proposed restructuring involving demerger of its non-airport vertical business
Half of this amount (Rs 1,500 crore) will be raised through one-year debentures and the balance through NCDs having 36-month maturity
Bengaluru airport in process of finalisng new brands for its retail and F&B zone
While Adani's bid was almost thrice as much as GMR's, the Kerala govt's KSIDC would still have won the airport if it had quoted Rs 16 more. Sai Manish explains how
Fresh from a demerger and with a French partner, GMR Airports is readying itself to take on the Adani group for leadership in India's airports business
Issues related to airport deal raise questions
Call Mumbai airport stake sale to Adani a breach of agreement
This will be the first airport company to be listed on the Indian stock exchanges
After CRISIL downgrades company debt, bankers ask GVK group to come out with repayment plan
The French airport operator will now pay Rs 9,720 crore instead of Rs 10,780 crore which it had agreed to pay earlier
In its first tranche of investment, Groupe ADP had paid Rs 5,248 crore on February 26
Private joint venture airports (seven of them), including Mumbai, Delhi, Bengaluru, and Hyderabad accounted for over 54 per cent of the 349 million passengers in CY19.
On February 21, it was announced that Groupe ADP would acquire 49 per cent stake in GMR Airports for Rs 10,780 crore
The regulator's clearance is through the green channel, which allows for an automatic system for speedy approval of combinations, subject to certain conditions
Rs 10,780 cr deal values GMR Airports at Rs 22,000 cr; pact with Tatas cancelled over airline ownership norms
The company has signed a share purchase agreement with Groupe ADP
The Concession Period for the project is 35 years including Phase 1 Construction of five years