GMR Airports’ wholly owned step-down Subsidiary--GMR Airports Greece Single Member S.A. (GAGSMSA) has incorporated and acquired by way of subscription to the Memorandum of Association, 6,00,000 shares of Euro 1 each aggregating to Euro 6,00,000 (approximately Rs 6 crore) representing 60% of the paid up share capital of GMR Terna Commercial S.A.(GTCSA), a Limited Liability Company, incorporated in Athens, Greece.
GTCSA will be engaged in undertaking the non-aeronautical businesses at the Crete Airport, also known as New Heraklion International Airport at Kasteli, Greece. GTCSA is yet to commence its business operations. The said transaction will be in furtherance of the existing business of GAGSMSA with regard to development, operation and maintenance of the Crete airport at Kasteli, Greece Airport and would also strengthen the Airport adjacencies/ Airport related businesses of the Company.
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 | 83.05 |
| GMR Airports | 96.42 |
| View more.. | |
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