New Launch12 Sept 2025, 08:27 am
GMR Airports Ltd Incorporates Special Purpose Vehicle for Cargo City Project
AI Summary
GMR Airports Ltd has incorporated a special purpose vehicle named 'GMR Cargo and Logistics Limited' on September 11, 2025. This SPV is formed to undertake the Cargo City Project at the Indira Gandhi International Airport, New Delhi, awarded by Delhi International Airport Limited (DIAL). The SPV will also handle other cargo and logistics related opportunities. The SPV has been incorporated with an initial paid-up share capital of Rs. 10,00,00,000/- (Rupees Ten Crore Only), divided into 1,00,00,000 (One Crore) equity shares of Rs. 10/- each. The transaction is not a related party transaction and does not require any governmental or regulatory approvals.
Key Highlights
- GMR Airports Ltd incorporates a new special purpose vehicle named 'GMR Cargo and Logistics Limited'
- The SPV is formed to undertake the Cargo City Project at the Indira Gandhi International Airport, New Delhi
- The SPV will also handle other cargo and logistics related opportunities
- The SPV has been incorporated with an initial paid-up share capital of Rs. 10,00,00,000/-
- The transaction is not a related party transaction and does not require any governmental or regulatory approvals