Tata Group led consortium of GIC Singapore and SSG Capital will invest Rs 8,000 cr in GMR Airports business. With this strategic investment, Tata will foray into airports business.
Post the investment, its parent GMR Infra will hold 54 per cent stake and Tata Group, GIC and SSG will hold 20 per cent, 15 per cent and 10 per cent respectively. Following the investment, GMR group proposes to demerge its energy, highways, urban infrastructure & transportation businesses, leading to separation of its Airport business.
Grandhi Kiran Kumar, Managing Director & CEO, GMR Infrastructure Ltd said, “This proposed investment by marquee investors like Tata, GIC and SSG reaffirms the significant and long-term investment opportunity in the fast growing airport infrastructure space with a large pool of capital that can be tapped to grow GMR Airport infrastructure business.”
