India, April 25 -- France's Groupe ADP is selling up to 7.3 per cent stake in GMR Airports to the GMR promoter group for more than Rs 10,100 crore.

Once the multi-layered deal is complete, the overall stake of Groupe ADP, the Paris airport operator, in GMR Airports will come down to 25 per cent from 32.3 per cent.

GMR Airports Ltd (GAL), the airports business arm of the GMR Group, operates various airports, including at Delhi and Hyderabad. 

Groupe ADP has entered into agreements for sale of its securities representing 7.3 per cent stake in GAL to the GMR promoter group, according to a statement issued by the French group. 

The deal will be executed through an initial sale and entry into options relating to ordinary or prefe...