The agreement involves GMCAC’s issuance of primary shares and the transfer of secondary shares
On Wednesday, GMR Power and Urban Infra announced that it has purchased GMR Solar Energy Private Ltd's entire stake in GMR Green Energy Private Ltd. Incorporated in 2022 with the purpose of pursuing prospects in the green energy sector is GMR Green Energy.
The rating agency says the resumption of international commercial airline operations and an increase in tariffs will help airport operators report profits in 2022-23.
The company has taken flight as a pure airports play, with its future now depending on expansion in overseas locations and a revival in leisure and business travel post-COVID
However, the company's EBITDA margin rose slightly to 31 percent in 2020-21 from 30.8% in 2019-20.
Spread across 1,500 acres, GMR AeroCity Hyderabad is envisaged to be an integrated mixed-use development, which includes key ports and establishments such as Business Park, Retail Park, Aerospace and Industrial Park, Logistics Park and Hospitality etc.
An arbitration tribunal has asked GMR Kamalanga to pay SEPCO towards project payments and prolongation costs.
GMR, the Delhi-headquartered diversified conglomerate that is present in the airport, energy and highway segments, is now evaluating the launch of a qualified institutional placement to reduce debt as the board meets on August 27, according to sources.
Groupe ADP infused Rs 4,565 crore, the second tranche of investment, in GMR Airports Limited to conclude the deal to pick up a 49 percent stake in the company.
The share touched its 52-week high Rs 26.55 and 52-week low Rs 14.05 on 24 February, 2020 and 19 June, 2019, respectively.
In a report on February 24, Kotak Institutional Equities initiated coverage on the stock and said it is poised for flight.
Checklist when price to book value becomes a trap: - When the stated value of assets in the books is higher than their realisable value - When a company’s balance sheet contains too many intangibles - When the company has huge contingent liabilities - When a large part of the liability is shifted to the future
The last few months have been a bargain hunters’ market with investors picking up stressed stocks. But many of these bargains could be traps.