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GMR Infra falls after Maldives cancels airport project
November 29, 2012 / 4:07 AM / 5 years ago

GMR Infra falls after Maldives cancels airport project

MUMBAI (Reuters) - Shares in GMR Infrastructure(GMRI.NS) fell 4.5 percent in early trade after Maldives cancelled its biggest foreign investment project, a $511 million deal with GMR to develop an international airport.

Brokers trade on their computer terminals at a stock brokerage firm in Mumbai July 23, 2008. REUTERS/Punit Paranjpe/Files

The cancellation of the deal signed in 2010 follows President Mohamed Waheed’s failure to renegotiate terms, sources close to president’s office have told Reuters. (Reporting by Abhishek Vishnoi; Editing by Gopakumar Warrier)

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