S&R Associates and Hogan Lovells advised Groupe ADP on €924 million structured exit from GMR Airports.
Groupe ADP (Aéroports de Paris), an international airport operator, has completed the sale of a 3.4% equity stake in GMR Airports Limited to the GMR Group for €256 million, as part of a broader structured transaction valued at approximately €924 million.
The transaction also includes options for the sale and purchase of an additional 3.9% stake in GMR Airports Limited, as well as the early purchase by GMR Group of foreign currency convertible bonds issued by GMR Airports Limited. The deal represents a significant step in Groupe ADP’s phased exit from its investment in the Indian airport platform.
S&R Associates represented Groupe ADP on the transaction.
The team was led by Partners Rajat Sethi and Meher Mehta, and included Associates Abhinaya Chandran, Sakshi Jain, Aastha Bhandari and Pradhumna Mohan Dixit on corporate matters.
Partner Sumit Bansal, Counsel Shivani Chhabra and Associate Ankur Kishanpuria advised on tax matters.
Partner Jitesh Shahani advised on capital markets aspects.
Hogan Lovells acted as international legal counsel to Groupe ADP on the transaction.
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