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GMR Infrastructure gains with arm inking agreement to acquire 11% stake in GHIAL

05 Feb 2018 Evaluate

GMR Infrastructure is currently trading at Rs. 19.45, up by 0.20 points or 1.04% from its previous closing of Rs. 19.25 on the BSE.

The scrip opened at Rs. 18.95 and has touched a high and low of Rs. 19.55 and Rs. 18.20 respectively. So far 20,58,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 25.00 on 18-Jan-2018 and a 52 week low of Rs. 12.90 on 03-Feb-2017.

Last one week high and low of the scrip stood at Rs. 23.85 and Rs. 17.10 respectively. The current market cap of the company is Rs. 11,770.00 crore.

The promoters holding in the company stood at 61.66%, while Institutions and Non-Institutions held 25.66% and 12.68% respectively.

GMR Infrastructure’s subsidiary - GMR Airports (GAL) has entered into an agreement on February 2, 2018, subject to standard approvals, to acquire 4,15,80,000 shares of face value of Rs 10 each, representing 11% equity stake in GMR Hyderabad International Airport (GHIAL) collectively from Malaysian Airports Holding Berhard and its subsidiary MAHB (Mauritius) for a consideration of $76 million (approximately Rs 484 crore).

GHIAL is a special purpose vehicle formed to design, finance, build, operate and maintain Rajiv Gandhi International Airport (RGIA), Hyderabad for a concession period of 60 years starting March 2008. GAL currently holds 63% equity stake in GHIAL and post proposed acquisition the stake will increase to 74%. The remaining stake in the GHIAL is held by Airport Authority of India (13%) and Government of Telangana (13%).

GMR Infrastructure (GIL) is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.


GMR Airports Share Price

96.87 0.11 (0.11%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Dreamfolks Services 85.30
GMR Airports 96.87
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