ADP to Divest Stake in India's GMR Airports

Aéroports de Paris (ADP), the operator of the primary airports in the French capital, is planning to scale back its investment in India’s GMR Airports Ltd. The move marks a strategic shift in the French group's exposure to the Indian aviation infrastructure market. The divestment is expected to be executed through a phased sell-down process, according to sources familiar with the matter. This structured approach allows for a gradual transition of ownership rather than a single, disruptive exit. According to reports, the shares are slated to be acquired by an entity linked to the GMR founding family. This arrangement would effectively return a larger portion of the company's equity to its original promoters. While specific financial terms and the exact timeline of the sell-down have not been disclosed, the transaction highlights a realignment of interests between the two partners. Market participants are likely to monitor the final valuation of the stake to gauge the current perceived value of Indian airport assets.