Bengaluru airport in process of finalisng new brands for its retail and F&B zone
While Adani's bid was almost thrice as much as GMR's, the Kerala govt's KSIDC would still have won the airport if it had quoted Rs 16 more. Sai Manish explains how
Fresh from a demerger and with a French partner, GMR Airports is readying itself to take on the Adani group for leadership in India's airports business
Issues related to airport deal raise questions
Call Mumbai airport stake sale to Adani a breach of agreement
This will be the first airport company to be listed on the Indian stock exchanges
After CRISIL downgrades company debt, bankers ask GVK group to come out with repayment plan
The French airport operator will now pay Rs 9,720 crore instead of Rs 10,780 crore which it had agreed to pay earlier
In its first tranche of investment, Groupe ADP had paid Rs 5,248 crore on February 26
Private joint venture airports (seven of them), including Mumbai, Delhi, Bengaluru, and Hyderabad accounted for over 54 per cent of the 349 million passengers in CY19.
On February 21, it was announced that Groupe ADP would acquire 49 per cent stake in GMR Airports for Rs 10,780 crore
The regulator's clearance is through the green channel, which allows for an automatic system for speedy approval of combinations, subject to certain conditions
Rs 10,780 cr deal values GMR Airports at Rs 22,000 cr; pact with Tatas cancelled over airline ownership norms
The company has signed a share purchase agreement with Groupe ADP
The Concession Period for the project is 35 years including Phase 1 Construction of five years
Under the concession agreement, GAL would design, finance and operate the Duty-Free shops at Kannur International Airport for a period of 7 years, which is extendable by 3 more years
ESR and GHAL have entered into a definitive agreement with an equity interest of 70 per cent and 30 per cent respectively in the SPV-GMR Logistics Park Private Limited
IndiGo, SpiceJet, GoAir see undue favour to Vistara; GMR says fear unwarranted
The Tata Group's effective shareholding will now be 15 per cent in GMR Airports, translating into a shareholding of approximately 10 per cent in DIAL, said sources in the know
How must the government approach the issue of water conflicts that are becoming more widespread and intense by the day? Alokananda Chakraborty sums up the views