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GMR Infrastructure in talks with Macquarie SBI for USD100m investment

2-Jun-2010 12:13 PM

India’s GMR Infrastructure Group announced advanced talks with Macquarie SBI to invest up to USD100 million in GMR’s airports division, which includes Delhi International Airport Limited (DIAL) (54% stake), GMR Hyderabad International Airport Ltd (GHIAL) (63% stake) and Sabiha Gokcen Airport Ltd in Istanbul (Business Standard, 02-Jun-2010). The division is valued at USD2.8 billion. The transaction is expected to be finalised within a month. GMR CFO, A Subba Rao, did not comment on the report.