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GMR Infra in talks with ADIA to sell 49% stake in Hyderabad Airport: Report

17 Jul 2017 Evaluate

In order to trim its debt, GMR Infrastructure is reportedly in advanced talks with sovereign wealth fund Abu Dhabi Investment Authority (ADIA) to offload up to 49% stake in Hyderabad International Airport. If the transaction goes ahead, the airport entity will be valued at Rs 5,000 crore.

The talks began after the infrastructure conglomerate revived plans to monetise the airport portfolio, deleverage its balance sheet and provide an exit to existing investors.

GMR Group is a leading global infrastructure conglomerate with interests in Airport, Energy, Transportation and Urban Infrastructure.

GMR Airports Share Price

110.95 -4.05 (-3.52%)
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