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 partners with NIIF for Bhogapuram International Airport development

GMR Airports partners with NIIF for Bhogapuram International Airport development

GMR Airports Limited (GAL), a subsidiary of GMR Airports Infrastructure Limited, and the National Investment and Infrastructure Fund (NIIF) have entered into binding agreements to propel the development of the Bhogapuram International Airport in Andhra Pradesh. NIIF is set to invest up to INR 6.75 billion in GMR Visakhapatnam International Airport Limited (GVIAL), a special […]

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 […]