{"id":266622,"date":"2019-03-27T06:50:48","date_gmt":"2019-03-27T06:50:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266622"},"modified":"2019-03-27T06:50:48","modified_gmt":"2019-03-27T06:50:48","slug":"tata-gic-to-buy-stakes-in-gmrs-airport-unit-in-%e2%82%b98000-crore-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-gic-to-buy-stakes-in-gmrs-airport-unit-in-%e2%82%b98000-crore-deal\/","title":{"rendered":"Tata, GIC to buy stakes in GMR&#8217;s airport unit in \u20b98,000 crore deal"},"content":{"rendered":"<p>A consortium of Tata Group, a unit of Singapore\u2019s sovereign wealth fund GIC and SSG Capital Management will invest \u20b98,000 crore ($1.2 billion) to buy a stake in GMR Airports Ltd, which runs India\u2019s biggest airport.<\/p>\n<p>The deal will pump \u20b91,000 crore into GMR Airports, a unit of GMR Infrastructure Ltd. and purchase \u20b97,000 crore of the airport unit\u2019s equity shares from the parent, according to a statement. GMR operates Delhi International Airport Ltd., Asia\u2019s sixth biggest.<\/p>\n<p>After the purchase, Tata will hold 20% in the airport unit, while GIC will get 15% and SSG will own 10%, the company said in a filing. The deal values GMR Airports at \u20b918,000 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium of Tata Group, a unit of Singapore\u2019s sovereign wealth fund GIC and SSG Capital Management will invest \u20b98,000 crore ($1.2 billion) to buy a stake in GMR Airports Ltd, which runs India\u2019s biggest airport. The deal will pump \u20b91,000 crore into GMR Airports, a unit of GMR Infrastructure Ltd. and purchase \u20b97,000 crore of the airport unit\u2019s equity shares from the parent, according to a statement. GMR operates Delhi International Airport Ltd., Asia\u2019s sixth biggest. After the purchase, Tata will hold 20% in the airport unit, while GIC will get 15% and SSG will own 10%, the company [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-266622","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266622","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=266622"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266622\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}