GMR Infra spikes after Rs 1,330 crore divestment in Mactan Cebu
Fri, Sep 2, 2022 1:15 PM

GMR Infra spikes after Rs 1,330 crore divestment in Mactan Cebu

A Flip by Akshat
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The shares of GMR Infra logged a spike in Friday’s trade after the company’s subsidiary GMR Airports inked a deal with Aboitiz InfraCapital for divestment of its stake in Mactan Cebu International Airport. GMR Airports International BV (GAIBV), a step-down subsidiary of GMR Infrastructure has signed definitive agreements with Aboitiz InfraCapital Inc (AIC), for AIC to acquire shares in GMCAC.

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