NCLT approves GMR Infrastructure's demerger of non-airport business

29 Dec 2021 CW Team

The National Company Law Tribunal (NCLT) has approved GMR Infrastructure's restructuring plan involving the demerger of the non-airport business, the company told the media.

GMR Infrastructure announced the reorganisation plan on August 27 of last year, to simplify the corporate holding structure and attract sector-specific international investors.

The composite scheme of arrangement between GMR Power Infra Limited (GPIL), GMR Infrastructure Limited (GIL), and GMR Power and Urban Infra Limited (GPUIL) and their respective shareholders has been sanctioned by the Hon'ble National Company Law Tribunal, Mumbai Bench, under Sections 230 to 232 of the Companies Act, 2013, according to a statement.

The board of GMR Infrastructure, along with the board of other group companies GPIL and GPUIL, decided on a composite scheme of arrangement on August 27 last year, which included the demerger of GMR Infrastructure's non-airport business.

Separate listings for the airport and non-airport businesses will also aid in the corporate holding structure's simplification. According to GMR Infrastructure, the vertical split demerger will go a long way toward facilitating a deeper understanding of the airport business on its own, as opposed to other business verticals within the group.

The GMR Group currently operates the Indira Gandhi International Airport in New Delhi and the Rajiv Gandhi International Airport in Hyderabad. It also manages Cebu International Airport in the Philippines.

Its energy business has a diversified portfolio with a total generation capacity of 4,995 MW.

Image Source

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..