GMR Hyderabad International Airport to Acquire Full Stake in ESR GMR Logistics Park
News: GMR Airports Ltd announced that its subsidiary, GMR Hyderabad International Airport Ltd (GHIAL), will acquire the remaining 70% stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL) for over ₹41 crore, making it a wholly owned subsidiary.
Currently, GMR Hyderabad Aerotropolis Ltd (GHAL), a GHIAL unit, holds 30%.
The acquisition will be completed via a share purchase agreement. EGLPPL focuses on developing warehousing and logistics infrastructure in Hyderabad. This move aligns with GHIAL’s strategy to maximize airport land value by expanding into warehousing, industrial, commercial, hospitality, and retail assets to boost regional socio-economic growth.
Source: logisticsinsider
Join The Community
Recent News
-
India-US Trade Talks Stall as Delhi Focuses on Protecting Sensitive Sectors Over Meeting Tariff Deadline -
India's Bonded Warehousing Ecosystem Emerging as a Strategic Growth Driver for Global Brands -
Indian Exports Witness Consistent Growth from 2010 to 2023 -
Magnet Shortage: Indian Companies Propose Supply Chain Strategies to Reduce China’s Rare Earth Dominance -
Government Conducting Extensive FTA Consultations to Protect Industry Interests: Piyush Goyal
1 Comment