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GMR Infrastructure Limited completes strategic partnership with Groupe ADP
The second tranche of the investment for 24.01% of GMR Airports Ltd is structured in two parts - a firm amount, paid at second closing, total of ₹4,565 crore, incl ₹1,000 cr equity infusion in GMR Airports Ltd; and earn-outs amounting to ₹1,060 cr, based on achievement of performance targets
1 min read8 Jul 2020GMR Airports’ French partner Groupe ADP raises €2.5 bn via bonds
The bonds, raised in two tranches of €1 billion and €1.5 billion each, priced at effective interest rates of 2.125% and 2.75% with maturities of 6.5 years and 10 years, respectivelyThe fixed rate bonds were oversubscribed by more than five times
1 min read30 Mar 2020Long wait for equity investor gives GMR ₹4,000 crore windfall
While waiting for almost a year to close its stake sale to a Tata group-led consortium, GMR won two more airport bidsThe GMR Group’s higher valuation indicates the growing clout of airports in the retail segment
2 min read29 Feb 2020GMR receives ₹5,248 crore from Groupe ADP
On 21 February, it was announced that Groupe ADP would acquire 49 per cent stake in GMR Airports Ltd (GAL) for ₹10,780 croreThe deal would help the group to reduce its debt burden
1 min read26 Feb 2020GMR Infra rallies after CCI nod to partner with Groupe ADP
GMR Infra has signed a share purchase agreement with Groupe ADP, which will hold 49% stake in GMR AirportsGMR Infra will retain management control over its airport business
1 min read24 Feb 2020Indian airports now turn hot destinations for foreign investors
ADP’s acquisition of a GMR stake makes it the second global airport operator to enter India in last three monthsGroupe ADP will buy 24.99% of GMR in the coming days, and will acquire an additional 24.01% stake later
3 min read22 Feb 2020Group ADP to pick up 49% in GMR Airports Limited
The first tranche of Rs. 5,248 crore will be received by GMR Group immediately, which will be utilised to deleverage the Group's massive debtThe company said that the total valuation assuming all above earn-outs are successfully consummated, may reach ₹26,475 crore
2 min read20 Feb 2020Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared