GMR Airports Infrastructure Limited (GIL), formerly GMR Infrastructure Limited, has signed a significant Share Purchase Agreement (SPA) with Fraport AG Frankfurt Airport Services Worldwide, marking a pivotal moment in the aviation sector. Through this agreement, GIL will purchase Fraport’s 10% minority equity stake in Delhi International Airport Limited (DIAL) for an estimated USD 126 million. […]
GMR Airports Infrastructure Ltd (GIL) has announced the successful completion of a significant corporate restructuring, merging GMR Airports Ltd (GAL) and GMR Infra Developers Limited (GIDL) into GIL. This merger, effective from 1 April 2023, marks the culmination of a strategic move initially announced on 19 March 2023. The consolidation aims to streamline the corporate […]
In a significant move aimed at consolidating its position, GMR Airports Limited (GAL) and its affiliate, known collectively as the “GMR Group”, are set to acquire an additional 11% equity stake in GMR Hyderabad International Airport Limited (GHIAL). This acquisition comes from the MAHB Group, comprising Malaysia Airports Holding Berhad (MAHB) and its wholly-owned subsidiary, […]
GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports Infrastructure, has revealed the divestment of an approximately 8,18,000 sqft warehouse facility located at the Hyderabad Airport. ILP Core Ventures I PTE Limited, a subsidiary of Indospace Core PTE Limited and India’s largest operator of core logistics and industrial real estate, has acquired the […]
GMR Airports International said that it has entered into an agreement to sell its stake in the Mactan Cebu International Airport in Lapu-Lapu City, Cebu in the Philippines to Aboitiz InfraCapital for INR 1389.9 crores. The deal involves GMR Airports’ stake in GMR Megawide Cebu Airport Corporation (GMCAC), which is a joint venture between the […]
ADP acquisition of GMR Airports stake : French airport operator Aéroports de Paris (Groupe ADP) has agreed to acquire a 49% stake in Indian airport developer GMR Airports from the GMR Group for Rs107.8 billion (€1.36 billion). Groupe ADP, which aims to create a major global network of airports through the deal, will execute it […]