 "GMR")
A consortium including India’s Tata Group, a unit of Singapore’s sovereign wealth fund GIC and SSG Capital Management will invest Rs 8,000 crore ($1.2 billion) to buy a stake in GMR Airports Ltd.
The deal will pump Rs 1,000 crore into GMR Airports, a unit of GMR Infrastructure Ltd. and purchase Rs 7,000 crore of the airport unit’s equity shares from the parent, according to a statement. GMR operates Delhi International Airport Ltd., the country’s biggest airport.
The deal values GMR Airports at Rs 18,000 crore, the company said in a filing. After the purchase, Tata will hold 20 per
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