{"id":370439,"date":"2020-08-28T11:48:26","date_gmt":"2020-08-28T06:18:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=370439"},"modified":"2020-08-28T11:48:26","modified_gmt":"2020-08-28T06:18:26","slug":"gmr-group-announces-plan-to-split-airports-biz-from-other-verticals","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gmr-group-announces-plan-to-split-airports-biz-from-other-verticals\/","title":{"rendered":"GMR group announces plan to split airports biz from other verticals"},"content":{"rendered":"<p>NEW DELHI:  Top airports operator GMR Infrastructure Ltd has rolled out a major restructuring of its corporate structure in an effort to simplify its holdings. The new structure will see the demerger of its airports and non-airports business verticals, even as the company raises another Rs 5,000 crore through issuing securities.<\/p>\n<p>According to the company\u2019s statement on Thursday, the move is a step in the direction of \u201ccreating pure plays\u201d, or sector-focused business units, \u201cin different businesses of the group\u201d. This, it added, would help in \u201cattracting sector-specific global investors and unlocking value for the current shareholders of GIL\u201d. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Top airports operator GMR Infrastructure Ltd has rolled out a major restructuring of its corporate structure in an effort to simplify its holdings. The new structure will see the demerger of its airports and non-airports business verticals, even as the company raises another Rs 5,000 crore through issuing securities. According to the company\u2019s statement on Thursday, the move is a step in the direction of \u201ccreating pure plays\u201d, or sector-focused business units, \u201cin different businesses of the group\u201d. This, it added, would help in \u201cattracting sector-specific global investors and unlocking value for the current shareholders of GIL\u201d.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[208,130,143],"tags":[],"class_list":["post-370439","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370439","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=370439"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370439\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}