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.
Got a minute? Help us shape our products!
Thank you for being a registered user on MoneyWorks4me (SEBI Registered: INA000013323) - with 2.75 lac+ registered users.
We are working on shaping our products to enable you confidently invest in stocks. Towards this we want to understand your needs and priorities better. It will only take a minute and would help us serve you better!
What more? You get special offer as token of appreciation of your valuable feedback once new version is launched. We assure you it will be a solution you will be happy to use!