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

27 Feb 2020 Evaluate

GMR Infrastructure has received Rs 5,248 crore from Groupe ADP as part of a deal wherein the French major is buying 49 per cent stake in the domestic group's airport business. On February 21, it was announced that Groupe ADP would acquire 49 per cent stake in GMR Airports (GAL) for Rs 10,780 crore.

The group has received Rs 5,248 crore towards first tranche of payment from Groupe ADP. The end utilisation of monies has been mainly for corporate debt reduction. Further, GMR Group has provided exit to the existing private equity investors in GMR Airports.

GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.

GMR Airports Share Price

97.36 0.49 (0.51%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Dreamfolks Services 83.03
GMR Airports 97.36
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