GMR sells 49% stake to French firm
GMR Infrastructure Limited (GIL) has announced a strategic partnership with Groupe ADP for its Airports Business. It has signed a Share Purchase Agreement pursuant to which Groupe ADP will hold 49% stake in GMR Airports Limited (GAL) for an equity consideration of ₹10,780 crore, valuing GAL at the base post money valuation of ₹22,000 crore. … Read more