GMR MUMBAI INTERNATIONAL AIRPORT TATA REALTY
Tata Group restructures GMR deal to meet regulatory norms
A 15% holding for the Tatas would keep its effective stake in Delhi International Airport Ltd, the GAL unit that runs the airport in the national capital, below 10%. Tata, GIC & SSG Capital Management have agreed to invest Rs 8,500 crore in GAL.
Competition commission approves GMR Airports’ stake sale
The deal will bring Rs 8,500 crore to the company.
Vistara to connect Bangkok with Delhi
Vistara will commence services on the Delhi-Bangkok route from August 27 with an Airbus A32neo plane, t...
Vistara to launch international operations to Singapore from August
The airline will have a daily operation each from Delhi and Mumbai to Singapore.
Cabinet nod for handing over 6 airports to Adani likely in July
Adani had bid boldly for the airports exceeding offers by GMR Group, country’s biggest airport manager.
GMR Infra to sell stake in four road projects
The company, which owns and operates the international airports in Delhi, Hyderabad and Cebu in the Philippines, will shift the focus to expanding its existing airports and securing new projects in the same sector, he told ET.
Vistara eyes new destinations post Colombo attacks
“Colombo flights were to start this month. But the airline had to delay it in view of the attacks. It is now working on a plan B,” said a person close to the development.
AirAsia to launch Mumbai-Kolkata daily flight from Apr 15
This would be airline's second destination from Mumbai after it started operating daily services to Bengaluru from the country's financial capital.
Govt to decide on Jet’s international flying rights soon: Aviation secretary
Govt has given domestic slots of Jet temporarily to other airlines so that they can mount extra flights and fill the void to bring down domestic fares.
Tata Group, GIC and SSG to buy 44% in GMR Airports
A consortium of Tata group, GIC and Hong Kong-based SSG Capital to invest Rs 8,000 crore in the business.
DGCA asks airlines to rein in fares as Jet crisis takes a toll
Ten sectors have witnessed 10-30% hike in fares. The regulator has asked airlines to stabilise fares on a priority.
Three in race to pick stake in GVK’s airport holding company
Ferrovial, ADIA & PSP submit their final bids; some of them are also eyeing stakes of ACSA & Bidvest in Mumbai International Airport.
Delhi airport raises Rs 2,000 crore from realty monetisation
The Delhi airport has raised about Rs 2,000 crore from realty monetization which will fetch it an annual rental income of Rs 360 crore.
Tata Group, SSG and GIC likely to acquire a stake in GMR airports
GIC pipped Japanese diversified conglomerate Mitsubishi — the other entity GMR had been in advanced talks with — to clinch the deal.
Tata Group checks into airport business with Rs 8,000-cr deal
After the purchase, Tata will hold 20% in the airport unit, while GIC will get 15% and SSG will own 10%.
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