{"id":294948,"date":"2019-10-04T11:43:09","date_gmt":"2019-10-04T06:13:09","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=294948"},"modified":"2019-10-04T11:43:09","modified_gmt":"2019-10-04T06:13:09","slug":"gmr-infra-secures-competition-panel-nod-for-equity-investment-by-tatas-gic-others-in-airports-arm","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gmr-infra-secures-competition-panel-nod-for-equity-investment-by-tatas-gic-others-in-airports-arm\/","title":{"rendered":"GMR Infra secures competition panel nod for equity investment by Tatas, GIC, others in airports arm"},"content":{"rendered":"<p>The Competition Commission of India has approved the proposed equity investment from a Tata Group entity and affiliates of GIC and SSG in GMR Airports Limited, a subsidiary of the GMR Infrastructure Limited.<\/p>\n<p>In a regulatory filing, the diversified infrastructure company has informed today about the CCI approval. This will pave way for infusion of \u20b98,000 crore into the airport business for 45 per cent stake, estimated to be valued at \u20b918,000 crore.<\/p>\n<p>In addition, \u20b94,475 crore will come through revenues that get generated over the next five years taking the valuation to about \u20b922,475 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India has approved the proposed equity investment from a Tata Group entity and affiliates of GIC and SSG in GMR Airports Limited, a subsidiary of the GMR Infrastructure Limited. In a regulatory filing, the diversified infrastructure company has informed today about the CCI approval. This will pave way for infusion of \u20b98,000 crore into the airport business for 45 per cent stake, estimated to be valued at \u20b918,000 crore. In addition, \u20b94,475 crore will come through revenues that get generated over the next five years taking the valuation to about \u20b922,475 crore.<\/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-294948","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294948","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=294948"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294948\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=294948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=294948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=294948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}