GMR Infrastructure has informed that the Company has decided to increase the transaction size by agreeing to divest 49% in GMR Airports (vs previously agreed 44.44%) to TRIL Urban Transport (part of TATA Group), an affiliate of GIC and SSG Capital Management (collectively Investors) in one or more tranches, such closings being subject to regulatory approvals. This is another step in its endeavor to deleverage and demonstrate its commitment towards the same. An Amended and Restated Shares Subscription and Purchase Agreement and Shareholders Agreement has been executed to give effect to the above.
The above information is a part of company’s filings submitted to BSE.
