Business

GMR Infra to sell 49% stake in airport biz to Tata Group entity

GMR Infra to sell 49% stake in airport biz to Tata Group entity In a regulatory filing, GMR Infrastructure said it has decided to "increase the transaction size by agreeing to divest 49 percent in GMR Airports Limited (vs previously agreed 44.44 per cent) to TRIL Urban Transport Private Limited (part of TATA Group), an affiliate of GIC and SSG Capital Management... in one or more tranches".

from Moneycontrol Business News
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