GMR Infrastructure

The Competition Commission of India (CCI) on Tuesday approved a proposed transaction involving GMR Infra Enterprises Pvt Ltd and a trust of the Abu Dhabi Investment Authority. The proposed combination involves subscription to unlisted and unrated optionally convertible debentures of GMR Infra Enterprises by Platinum Stone A 2014 Trust (acting through its trustee Platinum Rock B 2014 RSC Ltd), according to a release. The Abu Dhabi Investment Authority is the sole beneficiary of Platinumb Stone. GMR Infra Enterprises Pvt Ltd will acquire a cumulative of approximately 9 per cent stake on a fully diluted basis of GMR Airports Ltd (GAL) from its promoter -- GMR Enterprises Pvt Ltd (GEPL). The shareholding of GAL held by GMR Infra Enterprises will be pledged in favour of the trust with a view to secure the debenture subscription amount, the release said. The Competition Commission of India (CCI) has given its nod for the deal. In October, GMR Group said it has secured Rs 6,300 crore de

There will be no flight arrivals or departures at the Delhi airport from 10.20 am to 12.45 pm every day till January 26 in connection with the Republic Day preparations and celebrations, according to an official. The NOTAM (Notice to Airmen) issued by the Airports Authority of India (AAI) has been revised to introduce the new restrictions. Earlier, the curbs were in place only for non-scheduled flights with certain exceptions. From January 19 to 26, no flights would be arriving or departing from the Delhi airport between 10.20 am to 12.45 pm, the official said on Friday. Generally, a NOTAM (Notice to Airmen) is a notice with information that is essential to personnel involved in flight operations. Airspace curbs in the national capital will be in place from Friday (January 19) till Monday (January 29) in connection with the Republic Day preparations and celebrations. Landing or take-off of non-scheduled flights of scheduled airlines, and chartered flights will not be permitted fr

Till 10:44 AM, around 176.89 million equity shares, representing 2.93 per cent of total equity of GMR Airports Infrastructure, had together changed hands on the NSE and BSE

Firms that submitted bids were the Manila International Airport Consortium, Asian Airport Consortium, GMR Airports Consortium, and SMC SAP & Co Consortium

The state government plans to develop e-charging infrastructure on four expressways -- Bundelkhand, Purvanchal, Agra-Lucknow, and Gorakhpur Link Expressway

The group's non-airport entity is still work in progress in terms of stronger liquidity and asset exits

The project cost would be funded by Rs 3,215 crore debt, equity and equity-linked instruments of Rs 1,377 crore, and a grant of Rs 135 crore by the Andhra Pradesh government

The airport in Vizag would become GMR's fourth major airport in the country after those at Delhi, Hyderabad, and Goa

ADP and GMR Airports Infrastructure own 49% and 51%, respectively, of the unlisted GMR Airports Ltd., according to a statement Sunday from the French company

Group power company to raise Rs 3,000 cr separately

Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.

Reliance Industries' chart seems to predict 14% upside

DVI Fund Mauritius Ltd, a public shareholder of GMR Infrastructure, on Thursday divested 3.3 per cent stake in the airports handling company for Rs 720 crore through an open market transaction. The shares were picked up by C/D Investors Fund LP, A/D Investors Fund LP, DVG 1740 Fund LP, Veda Investors Fund LP, H/D Investors Fund LP, Deccan Value Investors BPI Fund LP and Deccan Value Investors Fund LP, block deal data with the BSE showed. According to the data, DVI Fund Mauritius sold a total of 19,84,17,768 shares, amounting to 3.28 per cent stake in the company. The shares were offloaded at an average price of Rs 36.3 apiece, taking the transaction size to Rs 720 crore. As on March 2022, DVI Fund Mauritius Ltd held 7.76 per cent stake in the company, shareholding data with the exchange showed. Shares of GMR Infrastructure closed 0.55 per cent higher at Rs 36.50 on BSE. In a separate block deal, Deccan Value Advisors Fund IV sold 5.1 crore shares worth Rs 112 crore of GMR Power a

GMR Infrastructure Limited on Wednesday reported a consolidated net loss of Rs 515.34 crore for the quarter ended December 2021.

GMR Infrastructure had unveiled the rejig plan on August 27 last year, to simplify the corporate holding structure and to attract sector-specific global investors

The firm on Friday reported narrowing of consolidated loss

The firm's total expenses rose to Rs 2,331.28 crore as against Rs 2,197.16 crore a year ago

GMR Infrastructure board will consider a proposal for raising up to Rs 6,000 crore through various routes at its meeting on August 13

Two companies have finalised a business agreement under which both will collaborate on multiple sectors

GMR had acquired 30 per cent stake in PT GEMS for $550 million in March 2018