GMR group announces plan to split airports biz from other verticals
NEW DELHI: Top airports operator GMR Infrastructure Ltd has rolled out a major restructuring of its corporate structure in an effort to simplify its holdings. The new structure will see the demerger of its airports and non-airports business verticals, even as the company raises another Rs 5,000 crore through issuing securities.
According to the company’s statement on Thursday, the move is a step in the direction of “creating pure plays”, or sector-focused business units, “in different businesses of the group”. This, it added, would help in “attracting sector-specific global investors and unlocking value for the current shareholders of GIL”.
