A sign pointing toward visitor lounges hangs above a waiting aera inside the newly inaugurated Terminal 2 building at the Indira Gandhi International Airport in Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)
GMR Infrastructure Ltd.’s plan to sell stake in its airport business to France’s Groupe Aeroports de Paris fetches a higher valuation compared to an agreement signed last year.The Indian airport operator will sell a 49 percent stake to Groupe ADP for Rs 10,780 crore to reduce debt. That comes nearly a year after a consortium led by a Tata Group company, Singapore’s sovereign wealth fund GIC and SSG Capital Management had agreed to in...