Page 5 - Gmr Airports

GMR completes stake sale in airport biz to Groupe ADP, gets Rs 4,565 cr

In its first tranche of investment, Groupe ADP had paid Rs 5,248 crore on February 26

40-60% drop in air passenger traffic likely in FY21 amid Covid-19 crisis

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.

GMR Infra receives first tranche payment of Rs 5,248 crore from Groupe ADP

On February 21, it was announced that Groupe ADP would acquire 49 per cent stake in GMR Airports for Rs 10,780 crore

CCI okays GMR's 49% stake sale in airport business to France's Groupe ADP

The regulator's clearance is through the green channel, which allows for an automatic system for speedy approval of combinations, subject to certain conditions

GMR Group to sell 49% stake in airport business to France's Groupe ADP

Rs 10,780 cr deal values GMR Airports at Rs 22,000 cr; pact with Tatas cancelled over airline ownership norms

France's Groupe ADP to buy 49% in GMR airport business for Rs 10,780 cr

The company has signed a share purchase agreement with Groupe ADP

GMR airports achieves 'concession commencement date' to build in Greece

The Concession Period for the project is 35 years including Phase 1 Construction of five years

GMR to develop, operate & manage duty-free outlets at Kannur Airport

Under the concession agreement, GAL would design, finance and operate the Duty-Free shops at Kannur International Airport for a period of 7 years, which is extendable by 3 more years

GMR subsidiary forms JV with ESR to develop industrial park in Hyderabad

ESR and GHAL have entered into a definitive agreement with an equity interest of 70 per cent and 30 per cent respectively in the SPV-GMR Logistics Park Private Limited

Airlines oppose Rs 8000-crore Tata Group-GIC stake in GMR Airports

IndiGo, SpiceJet, GoAir see undue favour to Vistara; GMR says fear unwarranted

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

Best of BS Opinion: An unusual monsoon, electric car revolution, and more

How must the government approach the issue of water conflicts that are becoming more widespread and intense by the day? Alokananda Chakraborty sums up the views

Clearing the air

Rules curbing airline stakes in airports should be reviewed

Tata group investment in GMR Airports hits AAI regulatory hurdle

Rs 8,000 cr funding violates norms preventing airlines from holding 10% in facility

GMR aims to boost international airport business, from Europe to Indonesia

Bids for airports in Thailand, Indonesia, will sell four road projects

GMR Airports to raise Rs 650 cr via bonds by September end to pay off debt

Investment from Tata, Singapore wealth fund now delayed till December

Tata, SSG, GIC seek Competition Commission approval for GMR Airports

After power & airport, monetisation of road, other assets on cards

Tata, GIC, SSG to pick up Rs 8,000 crore stakes in GMR's airport unit

The deal will pump Rs 1,000 crore into GMR Airports, a unit of GMR Infrastructure Ltd. and purchase Rs 70 billion of the airport unit's equity shares from the parent

GMR, Terna sign agreement for new airport in Greece; to invest 500 mn euros

The concession agreement is for design, construction, financing, operation and maintenance of new international airport of Heraklion at Crete

GIC, Mitsubishi Corp likely to pick 25-30% stake in GMR Airports

The deal with Singapore's GIC and Mitsubishi Corporation of Japan could fetch Rs 7,000-8,000 crore