Acquisitions26 Jun 2025, 08:04 pm
GMR Hyderabad International Airport Acquires 70% Stake in ESR GMR Logistics Park, Expanding Airport-Based Industrial Asset Portfolio
AI Summary
GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports Ltd, has completed the acquisition of a 70% stake in ESR GMR Logistics Park Private Limited (EGLPPL) from ESR Group. This strategic acquisition, following the fulfillment of conditions precedent, has resulted in EGLPPL becoming a wholly owned subsidiary of GHIAL. GMR Hyderabad Aerotropolis Limited, a wholly owned subsidiary of GHIAL, continues to hold its 30% stake in EGLPPL. This acquisition strengthens and expands GMR's airport-based industrial and warehousing asset portfolio.
Key Highlights
- GMR Hyderabad International Airport Limited (GHIAL) has acquired a 70% stake in ESR GMR Logistics Park Private Limited (EGLPPL) from ESR Group.
- Upon fulfillment of conditions precedent, the process of transfer of shares and exchange of consideration between GHIAL and ESR Group has been concluded.
- EGLPPL has become a wholly owned subsidiary of GHIAL post acquisition.
- GMR Hyderabad Aerotropolis Limited (GHAL), a wholly owned subsidiary of GHIAL, continues to hold a 30% stake in EGLPPL.
- This acquisition strengthens and expands GMR's airport-based industrial and warehousing asset portfolio.