finplate.co

finplate.co

High-Flying Acquisition: GMR Boosts Stake in Hyderabad Airport to 74%

GMR Airports Limited (GAL) has increased its stake in GMR Hyderabad International Airport (GHIAL) to 74% from 63%, following the acquisition of an 11% stake from Malaysia Airports Holdings Berhad (MAHB) Group, valued at nearly $100 million, as part of GMR Group's consolidation efforts, while the Telangana government and the Airports Authority of India will hold 13% stake each.