{"id":339169,"date":"2020-02-27T10:20:52","date_gmt":"2020-02-27T04:50:52","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=339169"},"modified":"2020-02-27T10:42:26","modified_gmt":"2020-02-27T05:12:26","slug":"gmr-infra-receives-first-tranche-payment-of-rs-5248-crore-from-groupe-adp","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gmr-infra-receives-first-tranche-payment-of-rs-5248-crore-from-groupe-adp\/","title":{"rendered":"GMR Infra receives first tranche payment of Rs 5,248 crore from Groupe ADP"},"content":{"rendered":"<p>GMR Infrastructure on Wednesday said it has received Rs 5,248 crore from Groupe ADP as part of a deal wherein the French major is buying 49 per cent stake in the domestic group&#8217;s airport business. <\/p>\n<p>On February 21, it was announced that Groupe ADP would acquire 49 per cent stake in GMR Airports Ltd (GAL) for Rs 10,780 crore. <\/p>\n<p>In a filing to stock exchanges on Wednesday, GMR Infrastructure said the group has received Rs 5,248 crore towards first tranche of payment from Groupe ADP. <\/p>\n<p>&#8220;The end utilisation of monies has been mainly for corporate debt reduction. Further, GMR Group has provided exit to the existing private equity investors in GMR Airports Ltd,&#8221; it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GMR Infrastructure on Wednesday said it has received Rs 5,248 crore from Groupe ADP as part of a deal wherein the French major is buying 49 per cent stake in the domestic group&#8217;s airport business. On February 21, it was announced that Groupe ADP would acquire 49 per cent stake in GMR Airports Ltd (GAL) for Rs 10,780 crore. In a filing to stock exchanges on Wednesday, GMR Infrastructure said the group has received Rs 5,248 crore towards first tranche of payment from Groupe ADP. &#8220;The end utilisation of monies has been mainly for corporate debt reduction. Further, GMR Group [&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-339169","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\/339169","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=339169"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339169\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=339169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=339169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=339169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}