Tata, GIC join $1.1b investment in India's GMR Airports
Tata Group, GIC Private, and special situations investor SSG Capital have formed a consortium to invest INR80 billion ($1.1 billion) in India’s GMR Airports (GAL). It will facilitate a number of private equity exits.
Tata has agreed to invest INR35.6 billion for a 20% stake, while GIC and SSG will provide INR26.7 billion and INR17.8 billion for 15% and 10% interests, respectively. The deal, which is said to be the...
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