GMR Infrastructure Ltd

India's GMR Infra says Istanbul airport stake sale not yet concluded

India-based firm GMR Infrastructure Ltd said exit deal of its 40% interest in Istanbul's Sabiha Gokcen airport was still in progress, after a local paper reported it had already closed the deal for €220 million ($302.58 million).

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India's GMR hires Citigroup, JPMorgan and two others for $300-$350 million IPO

GMR Infrastructure Ltd. has began the process for the $300-$350 million initial public offering it is planing for its airport business. It has reportedly tapped Citigroup, JPMorgan, Axis Capital and Infrastructure Development Finance Company to manage the listing.

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