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Gmr Infra Agrees To Settlement With Pe Investors, Arbitration Withdrawn | Business Standard News

by business-standard.com posted 11months ago 39 views
This was with respect to certain arbitration proceedings administered by the Singapore International Arbitration Centre. : Infrastructure major GMR Infra on Monday announced it had received the consent award from the arbitral tribunal based on the settlement agreement signed by it with private equity investors. This was with respect to certain arbitration proceedings administered by the Singapore International Arbitration Centre. The settlement took place with SBI Macquarie, Standard Chartered Private Equity, JM Financial Old Lane and others that had invested Rs.14.78 billion in the form of compulsorily convertible preference shares (CCPS) in GMR Airports Ltd in 2010-2011 and 2011-12.

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