AVCJ

GMR may raise $450m from 3i, Macquarie SBI

  • Paul Mackintosh
  • LinkedIn  
  • Google plus  
  • Save this article  

Bangalore-headquartered Indian infrastructure major GMR Group is reportedly seeking up to $450 million from 3i Group and the Macquarie SBI Infrastructure Fund for a minority stake in its GMR Airport Holdings subsidiary.

<!-- /* Font Definitions */ @font-face {font-family:"MS Mincho"; panose-1:2 2 6 9 4 2 5 8 3 4; mso-font-alt:"ＭＳ 明朝"; mso-font-charset:128; mso-generic-font-family:modern; mso-font-pitch:fixed; mso-font-signature:-1610612033 1757936891 16 0 131231 0;} @font-face {font-family:"\@MS Mincho"; panose-1:2 2 6 9 4 2 5 8 3 4; mso-font-charset:128; mso-generic-font-family:modern; mso-font-pitch:fixed; mso-font-signature:-1610612033 1757936891 16 0 131231 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"MS Mincho"; mso-fareast-language:JA;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} -->

GMR Airport Holdings includes Delhi and Hyderabad International Airports. The reported plan is parallel to a GMR bid to invest up to $650 million into its other business arms, which include interests in highways, power generation and urban infrastructure, as well as agribusiness. GMR Airport currently delivers some 45% of group revenues, but the group is banking on longer-term expansion in its other focus sectors.

 

  • LinkedIn  
  • Google plus  
  • Save this article  

More on Infrastructure

Latest News

world-hands-globe-climate-esg
Asian GPs slow implementation of ESG policies - survey

Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...

  • GPs