GMR Infrastructure To Close PE Deal Soon; IPO On Cards
Mon, 04/24/2006 - 22:05 — Sahad P V
GMR Infrastructure, a part of the Bangalore-based GMR Group, is in talks with private equity companies to raise $100 million, Dow Jones Newswires reports quoting a GMR official. Today's edition of The Economic Times had reported that GMR was talking to PE fund like ICICI Venture, Blackstone, Chrysalis Capital, and Temasek Holdings for the investment.
"We are in serious talks with four Indian as well as global private equity companies. We should close a part of the deal by tomorrow," Madhu Terdal, head of strategic finance, told Dow Jones Newswires.
GMR Infrastructure is also planning to an IPO. GMR is developing a greenfield airport at Hyderabad and modernizing the Delhi airport. [Via Yahoo! Finance]
