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French co to buy 49% stake in GMR airport

French co to buy 49% stake in GMR airport
Out of the total amount, Rs 9,780 crore would be towards secondary sale of shares by GMR group and Rs 1,000 crore would be equity infusion in GAL. GMR Infrastructure on Thursday announced that France's Groupe ADP will acquire 49 per cent stake in its airport business for Rs 10,780 crore, a move that will help the group reduce debt burden. "The first tranche of Rs 5,248 crore will be received by GMR Group immediately.   “This money will help deleverage the group further and result in ...
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