GMR Airports Infra, ADP to merge JV with GMR; stock slips 1%
Aéroports de Paris (ADP) will invest ₹2,900 crore in GMR Airports Infrastructure through 10-year foreign currency convertible bonds (FCCBs).
Aéroports de Paris (ADP) will invest ₹2,900 crore in GMR Airports Infrastructure through 10-year foreign currency convertible bonds (FCCBs).
The operator of Paris-Charles de Gaulle airport will pick a 49% stake in GMR’s airport business, which will help the Indian company deleverage its debt of over ₹20,000 crore.