GMR Infrastructure Ltd, the company that operates Delhi and Hyderabad airports, today said that it has successfully completed its deal to sell 49% stake in its airports’ business to France’s Groupe ADP. The contours of the deal, however, has undergone ‘slight modifications’ due to circumstances arising out of the economic impact of COVID19 pandemic on businesses “As per the revised Share Purchase Agreement, the second tranche of the investment for 24.01% of GMR Airports Limited (GAL) has been structured in two parts: A firm amount, immediately paid at Second closing, for a total of Rs 4,565 Crore, including Rs 1,000 crore equity infusion in GAL. Earn-outs amounting to Rs 1,060 Crore, subject to the achievement of certain performance related targets by GAL up to FY2024,” said a statement from the company. In February 2020, GMR Group had signed an agreement with Groupe ADP to divest 49% stake in GAL for an equity consideration of Rs 10,780 crore.