GMR Airports’ stepdown subsidiary -- GMR Airport Developers (GADL) has incorporated and acquired by way of subscription to the Memorandum of Association of GADL LLC i.e., GMR Airport Developers, Saudi Arabia (wholly owned subsidiary of GADL) having Capital of 5,00,000 Saudi Riyals (Rs 1.14 crore). The said transaction will be in furtherance of the existing business of GADL with regard to Airport adjacencies/ Airport related businesses etc. and would strengthen its presence in the airport related businesses.
GADL LLC will be engaged in providing Business and Management Consultancy Services to prospective clients in the Saudi Arabia region. GADL LLC is yet to commence its business operations.
GMR Airports (formerly GMR Airports Infrastructure), a subsidiary of GEPL, is engaged in development, operation and maintenance of airports along with offering integrated security solutions.
| Company Name | CMP |
|---|---|
| Dreamfolks Services | 83.68 |
| GMR Airports | 98.62 |
| View more.. | |
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