Shares of GMR Infrastructure gained 4 per cent to Rs 22 on the BSE on Friday after the company said the GMR Group would divest its entire 51 per cent stake in Kakinada SEZ to reduce debt. “The company has signed...
Adani group to acquire controlling interest in Mumbai airport
Adani Airport Holdings Limited (AAHL), the holding company of Adani Group for its airport business and a subsidiary of Adani Enterprises Limited) has entered into an agreement to acquire the debt of GVK Airport...
GMR Infra unveils rejig plan, to demerge non-airport biz
GMR Infrastructure Ltd (GIL) has announced a strategic restructuring of its business verticals, including a spin-off and the listing of its airport business. The operator of the Delhi and Hyderabad airports said in a...
GVK scouts for cash to ward off hostile takeover
GVK Airport Holdings Ltd, the majority owner of Mumbai International Airport Ltd (MIAL), has approached lenders to urgently raise cash to ward off a potential takeover of the prized asset, two people directly aware of...
Adani in talks to buy GVK’s 50.5% stake in Mumbai airport
The Adani Group is in talks to acquire the GVK group’s stake in Mumbai International Airport Ltd (MIAL), PTI reported on Monday. The group controlled by billionaire Gautam Adani plans to acquire the 50.5 % stake held by...
Kerala bid was 20% below Adani’s for Thiruvananthapuram airport: Puri
Union Civil Aviation Minister Hardeep S Puri on Friday hit back at the Kerala government for objecting to the Centre’s decision to privatise Thiruvananthapuram airport. He said Kerala’s bid was 20 per cent lower than...
BlackRock consortium sole bidder for section of Mexico’s Mayan Train
A consortium that includes U.S. investment group BlackRock Inc was the sole bidder for a section of one of the Mexican president’s flagship infrastructure projects, the so-called “Mayan Train,” the tourism authority...
Jaypee Case: SC orders transfer of pending appeals in NCLAT to itself
The Supreme court on Thursday ordered for the transfer of all the appeals related to debt-ridden Jaypee Infratech pending before National Company Law Appellate Tribunal (NCLAT) to itself. The order passed by apex court...
GMR Infra to divest large part of non-core assets; betting big on land monetisation
GMR Infrastructure is working on disinvestment of non-core assets including land and hopes to yield “significant value” even from 50 per cent of land monetization, according to a document. The airport-to...
GMR closes stake sale deal in airport biz to France’s ADP
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...
Aleatica to buy majority stake in Italian road operator from Intesa
International infrastructure operator Aleatica said it agreed to buy a controlling stake in Italian toll road operator Brebemi from Italy’s biggest retail bank, Intesa Sanpaolo. Under the deal Aleatica, which is wholly...
Aleatica to buy majority stake in Italian road operator from Intesa
International infrastructure operator Aleatica said on Friday it has agreed to buy a controlling stake in Italian toll road operator Brebemi from Italy’s biggest retail bank, Intesa Sanpaolo. Under the deal Aleatica...
