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