Aéroports de Paris S.A., an international airport operator based in Paris, is acquiring 49 percent stake in GMR Airports for INR 10,780 crore in two tranches..The second tranche of the transaction is subject to approvals from regulatory authorities. The first tranche of Rs. 5,248 crore will be received by GMR Group immediately, which will be utilised to deleverage the Group's massive debt, reported Mint..S&R Associates acted for Aéroports de Paris S.A. and the team was led by Partners Rajat Sethi and Mohit Gogia along with Associates Lakshmi Pradeep, Meher Mehta, Sushmita Sur, Anindhya Shrivastava, Ajatshatru Pandey, Yash Kumar, Shinjan Alok and Aashima Bhatia. Simran Dhir, head of competition practice, and Associates Dhruv Agarwal and Ishika Rout advised on competition law matters..Shardul Amarchand Mangaldas & Co acted for GMR Airports and the team was led by Partners Jatin Aneja and Neelakantan V R along with Principal Associate Veena Kolachina and Associates Arpita Sharma, Charu Mehrish, Suranjan Shukla, Arushi Dua, Lipsa Acharyya and Thejesh R.The Competition team included Partners Harman Singh Sandhu and Yaman Verma and Associate Sonali Charak..Hogan Lovells acted as international counsel for Aéroports de Paris S.A.
