GMR Infrastructure

ADP and GMR Airports Infrastructure own 49% and 51%, respectively, of the unlisted GMR Airports Ltd., according to a statement Sunday from the French company

Group power company to raise Rs 3,000 cr separately

Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.

Reliance Industries' chart seems to predict 14% upside

DVI Fund Mauritius Ltd, a public shareholder of GMR Infrastructure, on Thursday divested 3.3 per cent stake in the airports handling company for Rs 720 crore through an open market transaction. The shares were picked up by C/D Investors Fund LP, A/D Investors Fund LP, DVG 1740 Fund LP, Veda Investors Fund LP, H/D Investors Fund LP, Deccan Value Investors BPI Fund LP and Deccan Value Investors Fund LP, block deal data with the BSE showed. According to the data, DVI Fund Mauritius sold a total of 19,84,17,768 shares, amounting to 3.28 per cent stake in the company. The shares were offloaded at an average price of Rs 36.3 apiece, taking the transaction size to Rs 720 crore. As on March 2022, DVI Fund Mauritius Ltd held 7.76 per cent stake in the company, shareholding data with the exchange showed. Shares of GMR Infrastructure closed 0.55 per cent higher at Rs 36.50 on BSE. In a separate block deal, Deccan Value Advisors Fund IV sold 5.1 crore shares worth Rs 112 crore of GMR Power a

GMR Infrastructure Limited on Wednesday reported a consolidated net loss of Rs 515.34 crore for the quarter ended December 2021.

GMR Infrastructure had unveiled the rejig plan on August 27 last year, to simplify the corporate holding structure and to attract sector-specific global investors

The firm on Friday reported narrowing of consolidated loss

The firm's total expenses rose to Rs 2,331.28 crore as against Rs 2,197.16 crore a year ago

GMR Infrastructure board will consider a proposal for raising up to Rs 6,000 crore through various routes at its meeting on August 13

Two companies have finalised a business agreement under which both will collaborate on multiple sectors

GMR had acquired 30 per cent stake in PT GEMS for $550 million in March 2018

Sale of 13% stake in each may fetch Rs 3,000 crore

The firm was hit hard by pandemic-induced lockdowns

GMR Infrastructure said it has received consent from stock exchanges, with no adverse observations, on its proposed restructuring involving demerger of its non-airport vertical business

Total income declined to Rs 1,448 crore during the quarter under review as compared with Rs 2,164 crore in the corresponding quarter of preceding fiscal

According to the deal, the 100 per cent equity stake of Kakinada Gateway Port held by KSEZ would also be transferred to Aurobindo Realty

Firms attribute sluggishness to monsoon, local lockdowns

All that happened in the markets today

According to the restructuring process, the non-airport business, comprising energy, urban infrastructure, and EPC services, will be moved to GMR Power and Urban Infra Ltd (GPUIL) as a going concern