Group ADP to pick up 49% in GMR Airports Limited

MUMBAI : Groupe ADP, formerly known as Aéroports de Paris or ADP, an international airport operator based in Paris, will hold 49 percent stake in GMR Airports Limited (GAL), GMR Infrastructure Limited (GIL), the parent of the airport company said in a statement late on Thursday.

“GIL has signed a Share Purchase Agreement pursuant to which Groupe ADP will hold 49 percent stake in GMR Airports Limited (GAL) for an equity consideration of Rs. 10,780 Crore, valuing GAL at the Base Post Money Valuation of Rs. 22,000 Crore,” GIL added.

“This equity consideration comprises of — Rs. 9,780 crore towards secondary sale of shares by GMR Group and ₹1,000 Crore equity infusion in GAL,”