Record date today for GMR Infra shareholders to receive shares in new non-airport entity

Mumbai: Shareholders of GMR Infrastructure Limited (GIL) as of Wednesday will be eligible to receive shares in the new demerged entity GMR Power and Urban Infra Limited (GPUIL) as the company split its airport and non-airport businesses.

GIL on Tuesday became the first pure-play airport company listed on Indian bourses after it demerged its non-airport businesses into GPUIL.

The company’s board set 12 January as the record date as of which shareholders of 10 equity shares of Rs 1 face value in GIL will receive one equity share of Rs 5 face value in GPUIL.


The stock of GMR Infrastructure Limited was trading at Rs 44.45 on the BSE as of 11:40 am on Wednesday, down 0.78% over previous close.

The demerger happened through a vertical split and resulted in listed companies – GIL and GPUIL and mirror shareholding of the both. GPUIL shares will start trading on the stock exchanges next month pending regulatory approvals.

Airport assets of GIL include Indira Gandhi International Airport in New Delhi, Rajiv Gandhi International Airport in Hyderabad, Mactan Cebu International Airport in the Philippines (in partnership with Megawide), and Medan Airport, Indonesia (with Indonesia’s Angkasa Pura II).

The company is also developing the GMR Goa International Airport at Mopa in Goa as well as the Heraklion International Airport in Crete, Greece. The latter is in partnership with GEK Terna.