GMR Infrastructure will get a proposed investment by Tata Group, an affiliate of GIC, Singapore’s sovereign wealth fund ‘GIC’ and SSG Capital Management (SSG) in its Airports Business. The company has signed a binding term sheet with the Investors pursuant to which the Investors have agreed to invest Rs 8,000 crore in GMR Airports (GAL).
The investment amount of Rs 8,000 crore will consist of Rs 1,000 crore equity infusion in GAL; and Rs 7,000 crore towards purchase of GAL’s equity shares from GIL and its Subsidiaries.
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.
Company Name | CMP |
---|---|
Dreamfolks Services | 396.55 |
GMR Airports | 79.15 |
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