GMR Infra to sell 49% in airports business to Tata group subsidiary

GMR Infra to sell 49% in airports business to Tata group subsidiary

Photo: Mint

GMR Infrastructure Ltd on Thursday said it has now decided to divest 49% stake in GMR Airports Ltd, against 44.44% planned earlier.Tata group companies TRIL Urban Transport Pvt Ltd (TUTPL) and two of TUTPL’s overseas partners plan to acquire the stake in the airports’ company from GMR Infrastructure.