Singapore's GIC and Mitsubishi Corporation are reportedly in talks with GMR Infrastructure to acquire minority stakes in its subsidiary that focuses on the aviation sector, GMR Airports. The companies are in the final stage of discussions that involve between 25 and 30% stakes. The sale is anticipated to generate up to INR80 billion (US$1.12 billion) investment to GMR. 

GMR Airports Limited currently has a 64% shareholding in Indira Gandhi International Airport in Delhi, 63% stakes in Rajiv Gandhi International Airport in Hyderabad, India; and 40% equity interest in Mactan Cebu International Airport in the Philippines. It has also won concession contracts to develop Goa International Airport (in which it has a 100% stake) and Crete International Airport in Greece (21.6% stake), as well as EPC contract for the new Clark International Airport in the Philippines (50% stake).

GMR Group's airport asset is estimated to value around INR250 billion (US$3.52 billion). The proposed equity sale would help the company reduce its overall debt from INR198.5 billion (US$2.79 billion) to approximately INR125 billion (US$1.76 billion).