GMR stake sale to Groupe ADP closes on amended terms

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Groupe ADP
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S&R Associates and Hogan Lovells advised France’s Groupe ADP (formerly Aéroports de Paris) on its acquisition of an aggregate 49% stake in GMR Airports for ₹107.8 billion (US$1.4 billion). Shardul Amarchand Mangaldas & Co advised GMR.

The S&R team was led by partners Rajat Sethi and Mohit Gogia, and included associates Lakshmi Pradeep, Meher Mehta, Sushmita Sur, Anindhya Shrivastava, Ajatshatru Pandey, Yash Kumar, Shinjan Alok and Aashima Bhatia. Partner Simran Dhir, head of the firm’s competition practice, and associates Dhruv Agarwal and Ishika Rout advised on competition law matters.

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