GMR to hive off assets
Hyderabad, November 04: Infrastructure major GMR is all set to hive off its assets, create a holding company for its airport business and monetise its airport assets.
GM Rao, chairman of GMR Group, is on an over drive. After completing construction of the airport in Istanbul, he is now focusing on restructuring his business by hiving off the assets.
The company is scouting for private equity investments in its proposed holding company in charge of its airport assets.