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Is GMR Airports Deal With Groupe ADP Sweeter Than What Tata-GIC Proposed?
GMR Infra’s plan to sell stake in GMR Airports to France’s Groupe Aeroports de Paris fetches higher valuation for higher stake.
25 Feb 2020, 11:30 AM IST
GMR Infrastructure Ltd.’s plan to sell stake in its airport business to France’s Groupe Aeroports de Paris fetches a higher valuation compared to an agreement signed last year.The Indian airport operator will sell a 49 percent stake to Groupe ADP for Rs 10,780 crore to reduce debt. That comes nearly a year after a consortium led by a Tata Group company, Singapore’s sovereign wealth fund GIC and SSG Capital Management had agreed to in...
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