STOCK MARKET BSE NSE

GMR Infrastructure becomes India's first airport-only firm to be listed on stock exchange

The demerger happened through a vertical split and resulted in listed companies - GIL and GPUIL and mirror shareholding of the both.

Published: 12th January 2022 08:12 AM  |   Last Updated: 12th January 2022 08:12 AM   |  A+A-

Vehicles cross through an underpass constructed by GMR Infrastructure that connects to the airport in New Delhi

Vehicles cross through an underpass constructed by GMR Infrastructure that connects to the airport in New Delhi. (File photo| EPS)

By Express News Service

GMR Infrastructure Limited (GIL) becomes India's first pure-play airport company listed on stock exchanges, the company said in a statement on Tuesday.

GMR Infrastructure Limited shares on Tuesday started trading on bourses first time after the demerger of its non-airports business -- GMR Infrastructure Limited into GMR Power and Urban Infrastructure Limited (GPUIL). 

After the demerger, the existing shareholders of GMR Infrastructure will receive 1 equity share of Rs 5 (face value) each of GMR Power and Urban Infra Limited for holding 10 equity shares of Rs 1 (face value) share of each GMR Infrastructure Limited.

The demerger happened through a vertical split and resulted in listed companies - GIL and GPUIL and mirror shareholding of the both. All the existing shareholders of GIL will become shareholders of GPUIL in the same proportion. GPUIL shares will start trading independently on the stock exchange in February 2022 after approvals from SEBI/stock exchanges.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp