New Delhi: GMR Infrastructure Ltd is ready to list its energy and airport units with the market sentiment improving and in view of the recent reforms announced by SEBI for retail investors.
The company is also looking to review its overall business strategy from being asset light to a more balanced growth oriented plan.
Speaking to BusinessLine, GM Rao, Founder Chairman, GMR Group, said, “We are ready to list GMR Airports and GMR Energy but we are looking for right time. The market sentiments have picked up and the recent reforms announced by SEBI are welcome. Bankers have been appointed and we are looking to divest 10-20 per cent depending on market.”
The Group, which has diversified interests in airport, road and energy, had taken a decision few years ago to exit non-core areas and had termed it as ‘asset-light, asset-right’ strategy. The move was aimed at riding the downturn and cutting the debt burden.
23/06/14 The Hindu
To Read the News in full at Source, Click the Headline
The company is also looking to review its overall business strategy from being asset light to a more balanced growth oriented plan.
Speaking to BusinessLine, GM Rao, Founder Chairman, GMR Group, said, “We are ready to list GMR Airports and GMR Energy but we are looking for right time. The market sentiments have picked up and the recent reforms announced by SEBI are welcome. Bankers have been appointed and we are looking to divest 10-20 per cent depending on market.”
The Group, which has diversified interests in airport, road and energy, had taken a decision few years ago to exit non-core areas and had termed it as ‘asset-light, asset-right’ strategy. The move was aimed at riding the downturn and cutting the debt burden.
23/06/14 The Hindu
