Groupe ADP, the operator of the Paris airports, is a strategic shareholder in GMR Airports, which runs Indira Gandhi International Airport in Delhi and Rajiv Gandhi International Airport in Hyderabad.
Ownership and structure
Groupe ADP holds a minority stake in GMR Airports Limited, controlled by the GMR Group, with a 45.7 percent economic interest including preference shares after the July 2024 merger of GMR Airports into the listed group company.
What India does for Groupe ADP
India gives Groupe ADP a large airport investment through its stake in GMR Airports, which operates the Delhi and Hyderabad airports.
Investment and deals
In February 2020 Groupe ADP agreed to buy 49 percent of GMR Airports for Rs 10,780 crore, paid in tranches in 2020 with earnouts tied to performance.
Groupe ADP's India business
Groupe ADP acquired a 49 percent stake in GMR Airports in 2020. GMR Airports operates Indira Gandhi International Airport in Delhi.
GMR Airports operates Rajiv Gandhi International Airport in Hyderabad.
Key moves in India
- 2020: Groupe ADP agreed in February to buy 49 percent of GMR Airports for Rs 10,780 crore and paid Rs 5,248 crore for a 24.99 percent stake.
- 2020: It completed the purchase in July with a further Rs 4,565 crore for 24.01 percent.
- 2023: Groupe ADP and GMR agreed in March to merge GMR Airports into the listed GMR Airports Infrastructure, with ADP investing €331 million in convertible bonds.
- 2024: The merger took effect in July, leaving ADP with a 45.7 percent economic interest in the listed company.
Where it operates
Groupe ADP has a presence in New Delhi and Hyderabad.
At a glance
- Home country: France
- Global headquarters: Paris
- Sector: Infrastructure & Data Centres
- Business: Airports
- Role of India: Investment portfolio
- India offices: New Delhi, Hyderabad
- India headcount: Not available
- In India since: 2020
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