Tatas, GIC & SSG to buy stake in GMR Airports by investing Rs 8,000 crore

“GMR Infrastructure Limited (GIL) Wednesday announced a proposed investment by Tata Group, Singapore’s sovereign wealth fund GIC and SSG Capital Management in its airports business. GIL has signed a binding term sheet with the Investors pursuant to which the Investors have agreed to invest Rs 8,000 crore in GMR Airports Limited (GAL),” GMR said in a statement Wednesday.

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