Epic Research Update : GMR Infrastructure

GMR Infrastructure has received an amount of Rs 1,740 crore amounting euro 209 million, as culmination of divestment of its 40% equity stake in Istanbul Sabiha Gökçen Uluslararasi Havalimanı Yatırım, Yapım Ve İşletme A.Ş (ISG) and LGM Havalimanı İşletmeleri Ticaret Ve Turizm A.Ş (LGM Tourism) to Malaysian Airports Holding Berhard (MAHB), for a final amount of Rs 1,740 crore in terms of definitive agreements signed subsequent to the exercise of Right of First Refusal by MAHB under the existing shareholders agreement of ISG, on December 23, 2013.


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