GMR Infrastructure will be acquiring 11% stake in GMR Hyderabad International Airport.

GMR Infrastructure’s subsidiary, GMR Airports has entered into an agreement for acquiring 4,15,80,000 shares of face value Rs.10 each, which represents 11% stake in GMR Hyderabad International Airport (GHIAL), collectively from Malaysia Airports Holdings Berhard (MAHB) and its subsidiary MAHB (Mauritius).

The acquisition is subject to standard approvals and total consideration for the acquisition is approx Rs.484 crore. Furthermore, as of now, GMR Airports has 63% equity stake in GHIAL and after proposed acquisition, its stake will increase to 74%.

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