HYDERABAD: GMR Infrastructure, which has interests ranging from airports and roads to power sector, on Friday said it proposes to hive off its profitable airports division to unlock shareholder value and capitalise on the USD 100 billion Indian airports business opportunity.
“With a view to unlock shareholder value, GMR Board has decided to form a sub-committee to consider and evaluate various possible options of demerger to facilitate value unlocking in existing businesses of the group,” it said in an investor presentation filed with stock exchanges. GMR has already received multiple proposals from investors for the airports business, which are currently being evaluated and shall be placed at the meeting of the newly formed sub-committee.
