{"id":370461,"date":"2020-08-28T11:53:59","date_gmt":"2020-08-28T06:23:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=370461"},"modified":"2020-08-28T11:53:59","modified_gmt":"2020-08-28T06:23:59","slug":"gmr-to-hive-off-airport-segment-as-a-separate-pure-play-listed-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gmr-to-hive-off-airport-segment-as-a-separate-pure-play-listed-company\/","title":{"rendered":"GMR to hive off airport segment as a separate &#8216;pure play&#8217; listed company"},"content":{"rendered":"<p>NEW DELHI: The GMR Group, which operates the Delhi and Hyderabad airports, has hived off its airport business from the holding company GMR Infra Ltd (GIL). Following this restructuring, GIL will be India\u2019s first pure play listed airports company. The other company hived off from erstwhile GIL will be GMR Power and Urban Infra Ltd (GPUIL) that will look after these group businesses.<br \/>\nGIL managing director &amp; CEO Grandhi Kiran Kumar said: \u201cOver the years, GIL has grown multi-fold and with various divergent businesses housed under one holding structure. Shareholders have been suggesting us to offer pure plays listed vehicles to ride the growth trajectory of matured &amp; scaled-up infrastructure businesses. We have been closely evaluating various options and as a step in that direction, post the separation of non-airport business, GIL will be \u2018India\u2019s only pure play listed airports company\u2019 and continue its growth journey.\u201d<br \/>\nGMR Group\u2019s airport portfolio has about 17.2 crore passenger capacity in operation and under development, comprising of Delhi\u2019s IGIA, Hyderabad\u2019s RGIA and Mactan Cebu International Airport in partnership with Megawide in Philippines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The GMR Group, which operates the Delhi and Hyderabad airports, has hived off its airport business from the holding company GMR Infra Ltd (GIL). Following this restructuring, GIL will be India\u2019s first pure play listed airports company. The other company hived off from erstwhile GIL will be GMR Power and Urban Infra Ltd (GPUIL) that will look after these group businesses. GIL managing director &amp; CEO Grandhi Kiran Kumar said: \u201cOver the years, GIL has grown multi-fold and with various divergent businesses housed under one holding structure. Shareholders have been suggesting us to offer pure plays listed vehicles [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-370461","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370461","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=370461"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370461\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}