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 Power and Urban Infra Limited, a key player in India’s infrastructure sector, has hit another milestone by receiving the Letter of Award (LOA) for a massive smart metering project in Uttar Pradesh. The LOA, secured by GMR Smart Electricity Distribution Private Limited (GSEDPL), an erstwhile subsidiary of GMR Power and Urban Infra Limited, authorizes […]
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 […]
Plug and Play LLC, a US-based early-stage investor, accelerator, and corporate innovation platform, will open an innovation center in Hyderabad, India in Q1 2022. The Hyderabad innovation center will mark the foray of Plug and Play in India adding to the 35 plus office locations it has around the world. Saeed Amidi — Founder and […]
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 […]