GMR Infra shares rise 5% after Rs 1,330 crore divestment in Mactan Cebu International Airport
Simultaneously with the above, the transaction likewise involves the issuance by megawide and GAIBV of exchangeable notes for Rs 1,100 crore each aggregating to an amount of Rs 2,200 crore (Notes). The Notes will mature on 30th October, 2024 and will be exchanged by AIC for the remaining around 66 per cent plus 1 share of GMCAC’s outstanding capital stock.
