{"id":338759,"date":"2020-02-24T12:21:59","date_gmt":"2020-02-24T06:51:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=338759"},"modified":"2020-02-24T12:43:15","modified_gmt":"2020-02-24T07:13:15","slug":"gmr-infra-rallies-after-cci-nod-to-partner-with-groupe-adp","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gmr-infra-rallies-after-cci-nod-to-partner-with-groupe-adp\/","title":{"rendered":"GMR Infra rallies after CCI nod to partner with Groupe ADP"},"content":{"rendered":"<p>Mumbai: Shares of GMR Infrastructure Ltd (GIL) on Monday jumped 12.50% after anti-trust body Competition Commission of India (CCI) approved the company&#8217;s proposal to sell 49% stake in its airport business&#8211;GMR Airports Ltd (GAL)&#8211;to France&#8217;s Groupe ADP.<\/p>\n<p>GIL has signed a share purchase agreement with Groupe ADP, which will hold 49% stake in GAL for an equity consideration of \u20b910,780 crore. This will value GAL at \u20b922,000 crore, the company informed the stock exchanges after market hours on Thursday.<\/p>\n<p>Markets were closed on Friday due to Mahashivratri.<\/p>\n<p>The equity consideration comprises \u20b99,780 crore of secondary sale of shares by GMR and \u20b91,000 crore worth of equity infusion in GAL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Shares of GMR Infrastructure Ltd (GIL) on Monday jumped 12.50% after anti-trust body Competition Commission of India (CCI) approved the company&#8217;s proposal to sell 49% stake in its airport business&#8211;GMR Airports Ltd (GAL)&#8211;to France&#8217;s Groupe ADP. GIL has signed a share purchase agreement with Groupe ADP, which will hold 49% stake in GAL for an equity consideration of \u20b910,780 crore. This will value GAL at \u20b922,000 crore, the company informed the stock exchanges after market hours on Thursday. Markets were closed on Friday due to Mahashivratri. The equity consideration comprises \u20b99,780 crore of secondary sale of shares by GMR [&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-338759","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\/338759","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=338759"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338759\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=338759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=338759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=338759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}