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CFO MADHU TERDAL
Will focus on airport business, raise funds through divestment: Madhu Terdal, GMR InfrastructureIf the market improves, we may go for GMR Energy's initial public offer (IPO).- GMR Infrastructure pares gross debt by 47%, stock soarsThe cash-strapped company managed to reduce its gross debt to Rs 19,856 crore from Rs 37,480 crore.
- GMR Group to sell assets, refinance loans to cut debtSaddled with 200 billion rupees ($3.10 billion) in debt, GMR is exploring various options including raising 5-6 billion rupees by monetisin...
- Fairfax Holdings, Changi in talks with GMR to invest Rs 3,200 crore for 30% stake in airport bizFairfax Financial Holdings and Singapore’s Changi Airports International are in talks with GMR Group to invest around Rs 3,200 crore to pic...
- GMR Infrastructure to raise Rs 4,000 crore in a year by selling projects, stakeThe loss-making infrastructure company plans to divest projects, monetise land assets and sell stake at holding company level to raise fund...
- Asset Sale: India Inc slips into deal making mode to bring down its mountain of debtIn a study done last year, Credit Suisse, an investment bank, estimated the total debt of India’s biggest corporate groups to be around Rs ...
- Turkish airport stake sale boosts GMR's Q4 PAT to Rs 1,170 croreThe surge in the profit is mainly due to offloading its 40 per cent stake in ISGIA Airport, Turkey, the company said in a statement here.
- GMR sells 74% stake in a highway project to IIFGMR Group today said it has sold its 74 per cent stake in a 73-km long highway project to India Infrastructure Fund (IIF).
- GMR sells 74% stake in Ulundurpet Expressways for Rs 222 crore“We at GMR continue to focus on creating liquidity and reducing our leveraged position as part of the strategy of churning of assets,” Madh...
- GMR Infrastructure turns profitable, reports net profit of Rs 579 croreWe posted a profit in the current year after a gap of almost 3 years mainly due to divestment of the 70% stake in GMR Energy Singapore.
- GMR gets new, CFO Subba Rao Amarthaluru to quitGMR said Amarthaluru would continue to be in the services of the company till July, 2013 to ensure smooth transition.
- GMR to bid for modernisation of Prague airportAfter successfully bidding for upgrading Turkey's Istanbul international airport, infrastructure major GMR will bid for the modernisation o...
- Banks, FIIs buy 9% in GMR Infrastructure for $1 bnInfrastructure to investing, electronics to edible oil, India Inc's merger and acquisition counter is buzzing with activity. Mind your fami...
- More global airports up for saleAirport privatisation programmes, are throwing up opportunities for Indian airport companies that are widening their areas of operation.
- GMR bags Rs 11K cr Istanbul projectA consortium led by GMR has bagged about Rs 11K cr project to modernise Istanbul's second airport.
- DLF, Unitech & Emaar vie for Rs 4,000cr DIAL contractLeading realty and hospitality groups like DLF, Unitech, Emaar MGF, Starwood and Accord are in the race for commercial developmental rights...
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