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GMR Airports Infrastructure’s arm divests Hyderabad airport warehouse facility

07 Jun 2023 Evaluate

GMR Airports Infrastructure’s stepdown subsidiary -- GMR Hyderabad International Airport (GHIAL) has divested around 8,18,000 sqft warehouse facility located at the Hyderabad Airport to ILP Core Ventures I PTE, a step down subsidiary of Indospace Core PTE, India’s largest operator of core logistics and industrial real estate vehicle. GHIAL signed the definitive agreements and closed the transaction with ILP Core Ventures I PTE at an enterprise value of Rs 188.1 crore.

This transaction is a testament of GMR Group’s capabilities in developing world class institutional grade real estate project assets and generating value through a successful exit. The resulting cash flows will help in deploying capital in expansion facilities and other growth opportunities at the Hyderabad Airport Land Development portfolio. The wide interest from multiple global investors also reaffirms Aerocities at large airports as a new age real estate ecosystem.

The said divestment of warehouse facility was concluded by means of divestment of 100% equity stake of GMR Hyderabad Airport Assets (GHAAL), a subsidiary of GHIAL and a special purpose vehicle that owned this warehouse facility. As such, post conclusion of the transactions, GHAAL would cease to be a subsidiary of the company.  

GMR Airports Infrastructure (formerly known as GMR Infrastructure) 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

101.31 0.67 (0.67%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Dreamfolks Services 83.06
GMR Airports 101.31
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