India: GMR Infra to pay $482m to PE investors in airports row settlement

India: GMR Infra to pay $482m to PE investors in airports row settlement

Photo: Mint

GMR Infrastructure Ltd (GIL) on Monday said it has settled an ongoing arbitration with the private equity (PE) investors in its airport business GMR Airports Ltd (GAL), a move that is expected to clear the decks for GAL’s initial public offer (IPO).

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