GMR Airports Ltd Boosts Stake in GMR Hyderabad International Airport Ltd

In a strategic move, GMR Airports Limited (GAL), a subsidiary of GMR Airports Infrastructure Limited, and its affiliate have successfully finalized the acquisition of an 11% equity shareholding in GMR Hyderabad International Airport Limited (GHIAL). The shares were previously held by Malaysia Airports Holdings Berhad (MAHB) and its wholly owned subsidiary, MAHB (Mauritius) Private Limited (MAMPL).

The Share Purchase Agreement (SPA) was executed between GAL and the MAHB Group, facilitating the transfer of shares and the exchange of consideration. With the completion of this transaction, GAL's shareholding in GHIAL has increased from 63% to 74%.

This strategic move underscores GMR Airports Ltd's commitment to further strengthening its position and involvement in the development and operations of GMR Hyderabad International Airport. The increased stake aligns with the company's long-term vision and objectives in the aviation sector.

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