ADIA has invested in structured debt instruments of a unit of GMR Enterprises (GEPL), the holding company of GMR Group. GMR Enterprises owns a roughly 25% stake in GMR Airports.
Hyderabad-based GMR Group on Wednesday said it has entered into an agreement with Abu Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, for an investment of Rs 6,300 crore in the form of structured debt instruments.
ADIA has invested in structured debt instruments of a unit of GMR Enterprises (GEPL), the holding company of GMR Group. GMR Enterprises owns a roughly 25% stake in GMR Airports.
Source: bt Business Today
About The Author
More Stories
‘Ratan Tata’s patriotism shone brightest in times of crisis’: PM Modi mentions 26/11 terror attacks in his tribute
Ratan Tata’s wealth: Foundation to handle fortune, cook and butler get a slice, a waiver for Shantanu Naidu
‘I can’t leave him…’: Ratan Tata’s will ensures ‘lifetime care’ for his beloved dog Tito