GMR Airports Infrastructure boosts stake in Delhi International Airport with $126m acquisition

GMR Airports Infrastructure boosts stake in Delhi International Airport with $126m acquisition

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 completes major merger, boosting airport operations

GMR Airports Infrastructure completes major merger, boosting airport operations

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 […]

GMR Airports to boost stake in Hyderabad International Airport in $100m deal

GMR Airports to boost stake in Hyderabad International Airport in $100m deal

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 sells warehouse facility for Rs 188cr

GMR Hyderabad International Airport sells warehouse facility for Rs 188cr

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 to sell stake in Mactan Cebu International Airport to Aboitiz

GMR Airports to sell stake in Mactan Cebu International Airport to Aboitiz

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 […]