{"id":266667,"date":"2019-03-27T07:12:47","date_gmt":"2019-03-27T07:12:47","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266667"},"modified":"2019-03-27T07:12:47","modified_gmt":"2019-03-27T07:12:47","slug":"tatas-gic-ssg-to-buy-stake-in-gmr-airports-by-investing-rs-8000-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tatas-gic-ssg-to-buy-stake-in-gmr-airports-by-investing-rs-8000-crore\/","title":{"rendered":"Tatas, GIC &amp; SSG to buy stake in GMR Airports by investing Rs 8,000 crore"},"content":{"rendered":"<p>NEW DELHI: After airlines, the Tata Group has now made its foray into the airport sector. Tatas, GIC and SSG Capital Management will invest Rs 8,000 crore in infra major GMR\u2019s airport arm, valuing GMR Airports at almost Rs 22,500 crore. The investment will help GMR Group reduce its debt burden as it is currently engaged in developing and expanding airports with in India and abroad.<br \/>\n\u201cGMR Infrastructure Limited (GIL) Wednesday announced a proposed investment by Tata Group, Singapore\u2019s sovereign wealth fund GIC and SSG Capital Management in its airports business. GIL has signed a binding term sheet with the Investors pursuant to which the Investors have agreed to invest Rs 8,000 crore in GMR Airports Limited (GAL),\u201d GMR said in a statement Wednesday.<br \/>\n\u201cThe investment amount of Rs 8,000 crore will consist of Rs 1,000 crore equity infusion in GAL and Rs 7,000 crore towards purchase of GAL\u2019s equity shares from GIL and its subsidiaries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: After airlines, the Tata Group has now made its foray into the airport sector. Tatas, GIC and SSG Capital Management will invest Rs 8,000 crore in infra major GMR\u2019s airport arm, valuing GMR Airports at almost Rs 22,500 crore. The investment will help GMR Group reduce its debt burden as it is currently engaged in developing and expanding airports with in India and abroad. \u201cGMR Infrastructure Limited (GIL) Wednesday announced a proposed investment by Tata Group, Singapore\u2019s sovereign wealth fund GIC and SSG Capital Management in its airports business. GIL has signed a binding term sheet with the [&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":[220,130,137],"tags":[],"class_list":["post-266667","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266667","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=266667"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266667\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}