GMR Infrastructure Limited (GIL) has announced a strategic partnership with Groupe ADP for its Airports Business wherein the latest will acquire 49 per cent stake. GIL has signed a Share Purchase Agreement under which Groupe ADP will hold 49% stake in GMR Airports Limited (GAL) for an equity consideration of ₹10,780 crore, valuing GAL at the Base Post Money Valuation of ₹22,000 crore. This equity consideration comprises of ₹9,780 crore towards the secondary sale of shares by GMR group and ₹1,000 crore equity infusion in GAL.

(Business Line)