GMR buys 44.61% stake in JV with Malaysian firm

Last Updated: Friday, December 12, 2014, 20:08

GMR Infrastructure on Friday said its subsidiary operating the city airport has acquired 44.61 percent stake in joint venture firm MAS GMR Aerospace Engineering Company (MGAE) from its Malaysian partner.

No possibility of GMR return in airport project: Maldives Prez

Last Updated: Sunday, January 12, 2014, 15:03

The President has already talked about a out-of-court settlement in the matter.

MGAT seeks govt nod to repair 14 grounded aircraft of KFA

Last Updated: Monday, January 6, 2014, 18:59

The aircraft (7 ATRs and 7 Air Bus 320) were grounded in various airports of Delhi, Chennai, Bengaluru and Kolkata due to operational problems and subsequent financial crisis faced by the airlines.

Maldives for out of court settlement with GMR

Last Updated: Thursday, January 2, 2014, 18:27

The GMR's project worth over USD 500 million was scrapped unilaterally 14 months back by Maldivian government.

Maldivian President to arrive on India visit

Last Updated: Wednesday, January 1, 2014, 13:26

Maldivian President Yameen Abdul Gayoom will arrive here Wednesday afternoon on his first official visit after assuming office in November.

GMR inks pact with MAHB to divest stake in Istanbul airport

Last Updated: Monday, December 30, 2013, 18:59

GMR Infrastructure Monday said the Group has signed a definitive agreement with Malaysian Airports Holding Berhard (MAHB) to divest 40 per cent equity stake in Istanbul Sabiha G'k'en Airport (ISG) and LGM Tourism, for nearly Rs 1,910 crore.

MAHB plans to buy GMR's 40% stake in Turkish Airport

Last Updated: Tuesday, December 24, 2013, 16:01

GMR Infrastructure holds 27.55 percent stake in Sabiha Gokcen airport, and its overseas firm GMR Infrastructure Overseas Ltd holds another 12.45 percent.

GMR Infra gains on Istanbul airport sale prospects

Last Updated: Tuesday, December 24, 2013, 11:15

GMR Infrastructure Ltd gains 2.6 percent after Malaysia Airport Holding Berhard offered 225 million euros to purchase the Indian company's 40 percent stake in Turkey's Sabiha Gokcen Airport and its operating company LGM Tourism.

Ready to run Male airport if Maldivian govt invites us: GMR

Last Updated: Thursday, December 19, 2013, 19:17

According to GMR Chairman, GM Rao, their exit from the island nation was 'political' and the arbitration for USD 1.4 billion compensation will continue in the Singapore Court.

GMR hopeful of bagging Philippines airport project

Last Updated: Wednesday, December 18, 2013, 23:19

GMR Infrastructure is part of a consortium led by Philippines-based construction company Megawide Construction.

GMR Infra says Istanbul airport stake sale not concluded

Last Updated: Friday, December 13, 2013, 19:24

Malaysia Airports Holdings and TAV Havalimanlari are in separate talks with GMR to buy its 40 percent in Sabiha Gokcen airport, one of Istanbul`s two airports, sources told Reuters last week.

GMR highest bidder for Philippines airport development

Last Updated: Thursday, December 12, 2013, 19:13

GMR Infrastructure Thursday said it has emerged as the highest bidder for developing the USD 400 million Mactan-Cebu International Airport in the Philippines along with partner Megawide Construction Corp.