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PE investors to hit benchmark returns in partial exit from GMR Airports

PE investors to hit benchmark returns in partial exit from GMR Airports

08 Oct 2018

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PE investors to hit benchmark returns in partial exit from GMR Airports

Credit: Reuters

A clutch of private equity firms which invested in the airports arm of GMR Infrastructure Ltd (GIL) will make a partial exit following an arbitration award, while retaining a small stake that values GMR Airports Ltd at Rs 21,000 crore ($2.8 billion at current exchange rates). Institutional investors including Macquarie-SBI Infrastructure ......