Tag: GMR Group

GMR Group receives ₹6,300 crore investment from Abu Dhabi Investment Authority

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GMR Group receives ₹6,300 crore investment from Abu Dhabi Investment Authority

GMR Group has received ₹6,300 crore investment from Abu Dhabi’s sovereign wealth fund ADIA and the funds will help in reducing the debt of promoter group entity GMR Enterprises Pvt Ltd (GEPL). In October last year, the group had announced securing ₹6,300 crore debt funding from the Abu Dhabi Investment Authority (ADIA). GMR Infra Enterprises…

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Business

GIL to acquire Fraport AG’s 10% stake in DIAL for USD 126 mn

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GIL to acquire Fraport AG’s 10% stake in DIAL for USD 126 mn

GMR Group’s airport business arm GMR Airports Infrastructure Ltd (GIL) on Monday said it has entered into a share purchase agreement with Fraport AG Frankfurt Airport Services Worldwide for acquiring the latter’s 10 per cent holding in Delhi International Airport Ltd (DIAL) for USD 126 million. After completion of the deal, GIL’s stake in the…

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Business

Delhi Capitals owners agree to buy major share in Hampshire takeover

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Delhi Capitals owners agree to buy major share in Hampshire takeover

Image used for representative purpose only | Photo Credit: Getty Images The GMR Group, co-owners of IPL franchise Delhi Capitals, has agreed to a deal with English county team Hampshire to buy its major shares worth 120 million pounds (approximately ₹1278 crore). Hence, Hampshire will become the first county side to be owned by an…

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Sports