GMR Infrastructure’s arm acquires 44.61% stake in MGAE

13 Dec 2014

GMR Infrastructure’s subsidiary - GMR Hyderabad International Airport (GHIAL) has acquired 9,67,50,000 shares of face value of Rs 10 each, representing 44.61% stake in MAS GMR Aerospace Engineering Company (MGAE) from Malaysia Aerospace Engineering SDN BHD (MAE) for a nominal consideration.

Before acquisition of the stake, MGAE was a Joint Venture Company (JVC) of GHIAL and MAE. With this acquisition of stake from MAE, MGAE has now become a wholly owned subsidiary of GHIAL.

GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.

Related GMR Infrastructure Ltd. Links:

GMR Infrastructure Share Price

23.95 0.05 (0.21%) Jan 24, 11:03
1 Year Price Chart
Company Name CMP
Larsen & Toubro 1348.95
NCC 59.05
KEC International 338.40
Rail Vikas Nigam 26.45
Sterling and Wilson 299.15
View more..
Sensex vs GMR Infrastructure
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719