{"id":262488,"date":"2019-03-05T07:12:20","date_gmt":"2019-03-05T07:12:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=262488"},"modified":"2019-03-05T07:51:43","modified_gmt":"2019-03-05T07:51:43","slug":"gmr-hyderabad-airport-divests-stake-in-flight-training-academy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gmr-hyderabad-airport-divests-stake-in-flight-training-academy\/","title":{"rendered":"GMR Hyderabad airport divests stake in flight training academy"},"content":{"rendered":"<p>GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary of GMR Infrastructure Ltd, has divested its 100 per cent stake in Asia Pacific Flight Training Academy Ltd (APFTAL), a subsidiary, to a third party, for a token consideration.<\/p>\n<p>APFTAL is engaged in the business of providing flight training. As per the latest unaudited financial statements for the nine-month period ended December 31, 2018, APFTAL had a turnover of Rs. 4.72 crore and accumulated losses of Rs. 11.37 crore.<\/p>\n<p>Consequent to the above divestment, APFTAL has ceased to be a subsidiary of GHIAL and thereby also of GIL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary of GMR Infrastructure Ltd, has divested its 100 per cent stake in Asia Pacific Flight Training Academy Ltd (APFTAL), a subsidiary, to a third party, for a token consideration. APFTAL is engaged in the business of providing flight training. As per the latest unaudited financial statements for the nine-month period ended December 31, 2018, APFTAL had a turnover of Rs. 4.72 crore and accumulated losses of Rs. 11.37 crore. Consequent to the above divestment, APFTAL has ceased to be a subsidiary of GHIAL and thereby also of GIL.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-262488","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262488","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=262488"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262488\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=262488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=262488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=262488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}