Finance
Adp to Sell Around 7.3% Stake in India's Gmr Airports for up $1.05 Billion
Published by Global Banking & Finance Review®
Posted on April 23, 2026
2 min readLast updated: April 23, 2026
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France’s Groupe ADP is selling up to a 7.3% stake in GMR Airports to India’s GMR Group for about €924 million (approx. $1.05 billion), including an immediate 3.4% sale for €256 million and options covering up to 3.9% by April 2027.
ADP Agrees to Sell 7.3% Stake in India’s GMR Airports for $1.05 Billion
Details of the ADP-GMR Airports Stake Sale
April 23 (Reuters) - France's airport group ADP said on Thursday it had agreed with India's GMR Group to sell up to a 7.3% stake in GMR Airports Ltd for an estimated 924 million euros ($1.05 billion) in cash.
Key Transaction Components
Here are some details:
Immediate Sale and Financial Terms
* The transaction includes an immediate sale of a 3.4% stake for 256 million euros ($299 million).
Future Sale Options
* The deal includes options for ADP to sell a further 3.9% stake by April 2027.
Dividend and Buyback Arrangements
Special Dividend Proposal
* ADP's board proposed a special dividend of 0.8 euros per share for 2025, the company said.
Convertible Bond Buyback
* GMR Group will also buy back convertible bonds held by ADP for 301 million euros plus interest.
Governance and Strategic Rationale
* ADP said the deal would preserve its governance rights and promoter status in GMR Group.
* ADP added that the transaction was part of its strategy to unlock value from international assets.
Additional Information
($1 = 0.8562 euros)
(Reporting by Dagmarah Mackos; Editing by Hugh Lawson)
Key Takeaways
- •Immediate sale of 3.4% stake for €256 million (~$299 million), with option to sell another 3.9% by April 30, 2027 (€285 million est.)
- •GMR Group will buy back convertible bonds held by ADP (FCCBs) worth €301 million plus interest, by March 31, 2027
- •ADP retains governance rights and co-promoter status in GMR Airports and proposes a special €0.8 per share dividend for 2025
Frequently Asked Questions about ADP to sell around 7.3% stake in India's GMR Airports for up $1.05 billion
1How much is ADP selling its stake in GMR Airports for?
ADP will sell up to a 7.3% stake in GMR Airports for approximately 924 million euros ($1.05 billion) in cash.
2What does the ADP and GMR Airports deal include?
The deal includes an immediate sale of a 3.4% stake, options to sell an additional 3.9% by April 2027, and a buyback of convertible bonds by GMR Group.
3Will ADP retain governance rights in GMR Group after the transaction?
Yes, ADP stated the deal would allow it to preserve its governance rights and promoter status in GMR Group.
4Why is ADP selling its stake in GMR Airports?
ADP said the transaction is part of its strategy to unlock value from its international assets.
5Is there a special dividend proposed as part of the deal?
ADP’s board has proposed a special dividend of 0.8 euros per share for 2025.
