By Staff Correspondent
The name of GMR Infrastructure Limited has been changed to GMR Airports Infrastructure Limited. Post receipt of approval of the shareholders of the Company and necessary Regulatory Approvals, the change of name is effective from September 15, 2022.
It is known that pursuant to the Orders of the National Company Law Tribunal (NCLT), Mumbai Bench the Composite Scheme of Amalgamation and Arrangement, the Company had demerged its Non-Airport Business i.e. EPC Business and the Urban Infrastructure Business to GMR Power and Urban Infra Limited from the Effective Date of December 31, 2021 and taking effect from the Appointed Date of April 01, 2021. The Company accordingly retained the Airport business and is now the Holding Company for predominantly the Airport Business of the GMR Group.
To reflect the above characteristic of being an airport holding company post the Demerger, it was deemed appropriate to reflect the Airport Business in the name of the Company as well. Accordingly, following the due process of corporate and regulatory approvals, the name of the Company has been changed from “GMR Infrastructure Limited” to “GMR Airports Infrastructure Limited”.