GMR Infrastructure Limited has announced it has executed definitive agreements for the proposed investment of Rs 8,000 crore by Tata Group, an affiliate of GIC and SSG Capital Management in its Airports Business.
This Share Subscription, Purchase Agreement, Shareholders Agreement and other related transaction documents were executed with TRIL Urban Transport Private Limited (part of Tata Group), an affiliate of GIC and SSG Capital Management for a proposed investment of Rs 8,000 crore in GMR Airports Limited, a subsidiary of the GMR Infrastructure.
The proposed investment of Rs 8,000 crore will consist of Rs. 1,000 crore equity infusion in GAL, and Rs. 7,000 crore towards purchase of GAL’s equity shares from GIL and its Subsidiaries. The Company along with its affiliates (GMR) and the Investors had signed a Binding Term Sheet in respect of the Transaction on March 26, 2019, and execution of definitive documents is in continuation of the same.
