GMR Airports’ subsidiary -- GMR Hyderabad International Airport has completed the acquisition of 70% stake in its associate company-- ESR GMR Logistics Park (EGLPPL). GMR Hyderabad Aerotropolis (GHAL), a wholly-owned subsidiary of GMR Hyderabad International Airport, already holds a 30% stake in ESR GMR Logistics Park.
EGLPPL, an associate company of GMR Hyderabad International Airport, is into development of warehousing and logistics parks in Hyderabad. For the transaction, GMR Hyderabad International Airport had entered into a share purchase agreement with other shareholders.
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.
