New Delhi : GMR Infrastructure on wednesday said Tata Group along with an affiliate of Singapore's sovereign wealth fund GIC and SSG Capital Management will invest Rs 8,000 crore in the company's airports business.
Following the transaction, GMR Infrastructure and its subsidiaries will hold around 54 per cent stake in GMR Airport, while employee welfare trust will hold about 2 per cent, Tata Group around 20 per cent, GIC about 15 per cent and SSG around 10 per cent.
As part of this transaction, GMR Infrastructure also intends to provide exit to existing private equity investors who hold 5.8 per cent equity stake in GMR Airport Ltd. GMR Infrastructure has signed a binding term sheet with the investors (Tata Group, GIC and SSG Capital Management) pursuant to which the investors have agreed to invest Rs 8,000 crore in GMR Airports Ltd, GMR Infra said in a regulatory filing.