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GMR Airports Infrastructure to merge with GIL

GIL and Groupe ADP (Aeroports de Paris) that owns 49 per cent stake in GAL would settle the cash earnouts to GIL at Rs 550 crore and the equity earnouts where GIL's stake in GAL increases to 55 per cent from 51 per cent. ....

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COVID-19 hit: GMR Infra's loss at Rs 1120 crore in Q3


Results: GMR Infra s loss at Rs 1,120 crore in Q3 due to COVID-19
COVID-19 hit: GMR Infra s loss at Rs 1120 crore in Q3
Hit by global lockdown to contain the spread of COVID-19, GMR Infrastructure Limited s consolidated loss for the quarter ended December 31 widened to Rs 1,120.51 crore.
It was Rs 280.74 crore during the October-December period in FY20, a filing from the company with the bourses said on Friday.
The consolidated total income for the quarter under discussion was down to Rs 1673.53 crore against Rs 2297.65 crore, it said.
Revenues from the Airports segment was down to Rs 816.19 crore during the quarter.
It was Rs 1,636.14 crore during the corresponding period in FY20. ....

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