{"id":259958,"date":"2019-02-20T05:42:33","date_gmt":"2019-02-20T05:42:33","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=259958"},"modified":"2019-02-20T05:42:33","modified_gmt":"2019-02-20T05:42:33","slug":"gic-mitsubishi-in-talks-with-gmr-infra-to-buy-minority-stake-in-airport-hold-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gic-mitsubishi-in-talks-with-gmr-infra-to-buy-minority-stake-in-airport-hold-company\/","title":{"rendered":"GIC, Mitsubishi in talks with GMR Infra to buy minority stake in Airport Hold Company"},"content":{"rendered":"<p>Mumbai: Singapore\u2019s GICNSE 0.15 % and Japanese diversified conglomerate Mitsubishi Corp. are in talks with GMR Infra for a minority stake in its airport holding co. as Indian airport developers step up attempts to reduce debt and get more investors. <\/p>\n<p>Three people aware of the development said that GMR, with interests in airports, roads and energy aims to raise Rs 4,000-Rs 5,000 crore by selling stake in airport business. The money will primarily be used to retire part of its Rs 20,000 crore of net debt. <\/p>\n<p>A spokesman for the conglomerate said that a \u201cnumber of investors have shown interest\u201d in the airport platform and that it continues \u201cto engage with them constructively,\u201d. He didn\u2019t elaborate. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Singapore\u2019s GICNSE 0.15 % and Japanese diversified conglomerate Mitsubishi Corp. are in talks with GMR Infra for a minority stake in its airport holding co. as Indian airport developers step up attempts to reduce debt and get more investors. Three people aware of the development said that GMR, with interests in airports, roads and energy aims to raise Rs 4,000-Rs 5,000 crore by selling stake in airport business. The money will primarily be used to retire part of its Rs 20,000 crore of net debt. A spokesman for the conglomerate said that a \u201cnumber of investors have shown interest\u201d [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-259958","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=259958"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259958\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=259958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=259958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=259958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}