{"id":266634,"date":"2019-03-27T06:53:06","date_gmt":"2019-03-27T06:53:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266634"},"modified":"2019-03-27T06:53:06","modified_gmt":"2019-03-27T06:53:06","slug":"tata-gic-ssg-to-pick-up-rs-80-billion-stakes-in-gmrs-airport-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-gic-ssg-to-pick-up-rs-80-billion-stakes-in-gmrs-airport-unit\/","title":{"rendered":"Tata, GIC, SSG to pick up Rs 80-billion stakes in GMR&#8217;s airport unit"},"content":{"rendered":"<p>A consortium including India\u2019s Tata Group, a unit of Singapore\u2019s sovereign wealth fund GIC and SSG Capital Management will invest Rs 80 billion ($1.2 billion) to buy a stake in GMR Airports Ltd. <\/p>\n<p>The deal will pump Rs 10 billion into GMR Airports, a unit of GMR Infrastructure Ltd. and purchase Rs 70 billion of the airport unit\u2019s equity shares from the parent, according to a statement. GMR operates Delhi International Airport Ltd., the country\u2019s biggest airport. <\/p>\n<p>The deal values GMR Airports at Rs 180 billion, the company said in a filing. After the purchase, Tata will hold 20 per cent in the airport unit, while GIC will get 15 per cent and SSG will own 10 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium including India\u2019s Tata Group, a unit of Singapore\u2019s sovereign wealth fund GIC and SSG Capital Management will invest Rs 80 billion ($1.2 billion) to buy a stake in GMR Airports Ltd. The deal will pump Rs 10 billion into GMR Airports, a unit of GMR Infrastructure Ltd. and purchase Rs 70 billion of the airport unit\u2019s equity shares from the parent, according to a statement. GMR operates Delhi International Airport Ltd., the country\u2019s biggest airport. The deal values GMR Airports at Rs 180 billion, the company said in a filing. After the purchase, Tata will hold 20 per [&hellip;]<\/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":[135,167,130],"tags":[],"class_list":["post-266634","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266634","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=266634"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266634\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}