The four-way partnership of Tatas, GMR, GIC and SSG for airport businesses is set to take off, with the shareholders signing an agreement last week and the three new partners moving the Competition Commission of India (CCI) for approval. This new entity is planned to take over GMR’s entire airport business, both within and outside the country.
Simultaneously, a committee of GMR Infrastructure is working on a tax-efficient structure for offloading equity to the three new partners. Besides, the committee is working on a mechanism to make the functioning of GMR Airports Ltd ...
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