Loading
11-Jul-2011 11:11 AM

GMR Infrastructure plans IPOs for airport business

India's GMR Infrastructure is reportedly planning initial public offerings (IPO) for the holding companies of its energy and airport businesses, with the primary objective of providing an exit to private equity investors (DNA, 11-Jul-2011). The airport business will reportedly conduct its IPO in FY2016 although GMR CFO Subba Rao stated that it "is not possible to give the exact timeframe. There are several factors that go along with the IPO proposal. But, private investors will find an exit through the IPOs." "We need to talk to the private equity investors before consolidating. But even for this, there is no timeframe. We can do it anytime. It all depends on how the investors react to the proposal since consolidation will have an impact on the valuation and that should be acceptable to the investors," Mr Rao added.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More