{"id":301370,"date":"2019-11-18T11:57:58","date_gmt":"2019-11-18T06:27:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301370"},"modified":"2019-11-18T12:11:09","modified_gmt":"2019-11-18T06:41:09","slug":"gmr-infra-investors-await-value-unlocking-as-airports-business-takes-wings","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gmr-infra-investors-await-value-unlocking-as-airports-business-takes-wings\/","title":{"rendered":"GMR Infra investors await value unlocking as airports business takes wings"},"content":{"rendered":"<p>In its Q2 results media release, GMR Infrastructure Ltd said it has received all key regulatory approvals for Tata group, Singapore\u2019s sovereign wealth fund GIC Pte Ltd and Hong Kong-based SSG Capital Management Ltd to buy a 44.44% stake in GMR Airports Ltd. Clearance from the government (expected in a few weeks) is now critical to unlock value for shareholders who have borne the brunt of value erosion for over a decade. <\/p>\n<p>The deal will carve out the profitable airports business into a separate entity, which would then be demerged from the other non-airports businesses. Note that the airports segment has churned out cash steadily in the last few quarters, and boosted GMR\u2019s overall Ebitda (earnings before interest, tax, depreciation and amortization).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In its Q2 results media release, GMR Infrastructure Ltd said it has received all key regulatory approvals for Tata group, Singapore\u2019s sovereign wealth fund GIC Pte Ltd and Hong Kong-based SSG Capital Management Ltd to buy a 44.44% stake in GMR Airports Ltd. Clearance from the government (expected in a few weeks) is now critical to unlock value for shareholders who have borne the brunt of value erosion for over a decade. The deal will carve out the profitable airports business into a separate entity, which would then be demerged from the other non-airports businesses. Note that the airports segment [&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":[188,139,130],"tags":[],"class_list":["post-301370","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\/301370","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=301370"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301370\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}