Aéroports de Paris (ADP) and GMR Airports Infrastructure Ltd. agreed to fold their joint-venture company into GMR, giving ADP a liquid stake in a business that owns airfields in India. ADP owns 49% and GMR Airports own 51% stake in the unlisted GMR Airports Ltd. Combining GMR Airports Infrastructure and GMR Airports will simplify the capital structure of the unlisted company, allowing the combined entity to more easily capture new business, the companies said. The merger will take place in the first half of 2024, the companies said in a statement. ADP would hold a 45.7% stake in the combined

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