{
GMR Group

Companies

}
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001122334455554433221100

Allegations of Illegal Takeover of Kakinada Port Shares Against Jagan Mohan Reddy

Kakinada Seaports MD KV Rao has filed an FIR against former Andhra CM Jagan Mohan Reddy and YSRCP MP Vijay Sai Reddy for allegedly orchestrating the illegal takeover of Kakinada Port shares valued at thousands of crores. The complaint claims that 40% of the port was acquired for Rs 494 crore, significantly below its worth, and highlights accounting irregularities that deprived the government of Rs 1,000 crore in revenue.
Moneycontrol
Indian Rupee Aurobindo Pharma Limited GMR Group IND Vijay Sai Reddy YS Jagan Mohan Reddy Kv Rao Y. V. Subba Reddy Sarath Chandra Reddy Show more
Regulatory & Legal, News Article
13:37 04.12.2024

GMR Group secures 6300 crore investment from Abu Dhabi Investment Authority

GMR Group has secured a Rs 6,300-crore investment from a subsidiary of the Abu Dhabi Investment Authority, aimed at refinancing the external debt of GMR Infra Enterprises Private Limited. The completion of the transaction is contingent on regulatory approvals, which will also significantly reduce the promoter group's pledge on its shareholding in GMR Airports Ltd. GMR operates three airports in India and two in the Philippines and Indonesia.
Moneycontrol
Indian Rupee GMR Group GMR Infra Enterprises Private Limited GMR Airports Ltd. Abu Dhabi Investment Authority INVESTMENT COMPANY WITH VARIABLE CAPITAL GMR Enterprise Private Ltd IDN IND PHL Show more
Finance & Economy, Press Release
12:07 23.10.2024
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