GMR Infrastructure GMR Infrastructure Limited (GIL) has announced a strategic partnership with Groupe ADP for its Airports Business. GIL has signed a Share Purchase Agreement under which Groupe ADP will hold 49% stake in GMR Airports Limited (GAL) for an equity consideration of Rs10,780cr, valuing GAL at the Base Post Money Valuation of Rs22,000cr.

The stock is currently trading at Rs25.95, up by Rs2.35 or 9.96% from its previous closing of Rs23.60 on the BSE.

This equity consideration comprises of Rs9,780cr towards the secondary sale of shares by GMR group; and Rs1,000cr equity infusion in GAL. Groupe ADP has also pegged Earn-outs up to Rs4,475cr linked to the achievement of certain agreed operating performance metrics as well as on receipt of certain regulatory clarifications over next 5-years. Thereby, total valuation assuming all above Earn-outs are successfully consummated may reach Rs26,475cr on Post Money Basis. 

The first tranche of Rs5,248cr will be received by GMR Group immediately.  This money will help deleverage the Group further and result in improved cash flows and profitability.

For Quick Trial – 8871888787
or mail us here - support@researchicon.com
Tags

1 تعليقات

إرسال تعليق

أحدث أقدم