The merger is expected to be finalised in the upcoming fiscal year, and after the merger. GMR Group will continue to be the largest stakeholder in GMR Airports Infrastructure (GIL), holding a 33.7 per cent ownership interest. Groupe ADP will be holding 32.3 per cent, and the public holding will be at 34 per cent of the paid-up share capital.
"This is achieved through categorizing Groupe ADP's shareholding in merged GIL into two instruments - ordinary equity shares and optionally convertible redeemable preference shares (OCRPS)," the company said.
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