InvestorQ : What is the latest status on the restructuring of the business lines of GMR Infrastructure?
diksha shah made post

What is the latest status on the restructuring of the business lines of GMR Infrastructure?

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ishika Banerjee answered.
4 weeks ago
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GMR Infra has finally received the approval from the stock exchanges for its proposed restructuring and amalgamation plan for the group. This restructuring entails demerger of its non-airport vertical into a separate entity. The idea was to package its power and its airport infrastructure business into separate businesses for finer pricing.

It may be recollected that after the contours of the scheme of amalgamation were finalized by the group board, GMR had filed an application with BSE and NSE for composite scheme of amalgamation among GMR Power Infra, GMR Infra and their respective shareholders. Now, GMR will file the complete scheme with the NCLT for approval within 6 months.

As the company had pointed out earlier, the idea of the entire exercise was to simplify the corporate holding structure. There is also a value discovery aspect to the whole game. GMR group believes that it will help to create separate power and infra pure plays. This is likely to make it easier to attract sector-specific global investors to help unlock value.

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