SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GMR Infrastructure completes strategic partnership deal with Groupe ADP for Airports business

08 Jul 2020 Evaluate

GMR Infrastructure has successfully completed strategic partnership transaction with Groupe ADP for Airports business. This is a significant development given the unprecedented times of COVID-19 pandemic. The contours of the deal have however undergone slight modifications considering the unprecedented circumstances arisen due to the pandemic. As per the revised Share Purchase Agreement, the second tranche of the investment for 24.01% of GMR Airports has been structured in two parts. A firm amount immediately paid at Second closing, for a total of Rs 4,565 crore, including Rs 1,000 crore equity infusion in GMR Airports. Earn-outs amounting to Rs 1,060 crore, subject to the achievement of certain performance related targets by GMR Airports upto FY2024.

Accordingly, Groupe ADP has increased earn-outs for GMR which are now pegged at up to Rs 5,535 crore compared to the earlier Rs 4,475 crore. These Earn-outs are linked to the achievement of certain agreed operating performance metrics as well as the receipt of certain regulatory clarifications over the next 5 years. The amount of Rs 4,565 crore towards second & final tranche payment from Groupe ADP has been received. This money will primarily be used in servicing the debt which will help deleverage GMR Group further and result in improved cash flows and profitability.

As part of the terms of transaction, GMR will retain management control over the Airports Business with Groupe ADP having the customary rights and Board representation at GMR Airports and it’s key subsidiaries. The partnership between GMR and Groupe ADP is being structured as a strong strategic partnership to be built on two-way exchange of expertise, personnel, knowledge and market access. Passengers and other stakeholders will also benefit immensely and thereby setting newer industry-defining benchmarks.

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

94.44 -1.98 (-2.05%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Dreamfolks Services 81.03
GMR Airports 94.44
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×