“GMR Infrastructure Ltd (GIL) on Monday said it has settled an ongoing arbitration with the private equity (PE) investors in its airport business GMR Airports Ltd (GAL), a move that is expected to clear the decks for GAL’s initial public offer (IPO),” reported Mint.
Link Legal India Law Services advised
Pursuant to the settlement agreement, all parties decided to withdraw the ongoing arbitration and pursuant to settlement agreements, the investors (along with certain of their affiliates) would convert certain CCPS to acquire 5.86% equity of GAL at a 100% valuation of Rs.210 bn and receive a payment of Rs.35.60 billion in lieu of their remaining CCPS.
2018-10-09
Deal value: US$ 761 mn (approximately)
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.