GMR Infrastructure has received approval from the National Company Law Tribunal (NCLT) for the restructuring plan involving the demerger of the non-airport business.
GMR Infrastructure had unveiled the rejig plan on August 27 last year, to simplify the corporate holding structure and to attract sector-specific global investors. The sanction was pronounced by the tribunal on December 22, 2021.
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.
