NEW DELHI: GMR Group has elevated its stake in Hyderabad airport from 63% to 74% by buying the 11% held by Malaysia Airport Holdings Berhad (MAHB) Group for $100 million. The remaining 26% stake is held equally by Airports Authority of India (AAI) and Telangana authorities.
In a regulatory submitting on Jan 26, GMR Airport Infra Ltd stated: “The corporate on Oct 25, 2023, knowledgeable the exchanges that GMR Airports Restricted has entered right into a share buy settlement with MAHB and MAHB (Mauritius) Pvt Ltd in the direction of acquisition of 11% fairness shareholding of GMR Hyderabad Int’l Airport Ltd held by MAHB and MAMPL.”
In a regulatory submitting on Jan 26, GMR Airport Infra Ltd stated: “The corporate on Oct 25, 2023, knowledgeable the exchanges that GMR Airports Restricted has entered right into a share buy settlement with MAHB and MAHB (Mauritius) Pvt Ltd in the direction of acquisition of 11% fairness shareholding of GMR Hyderabad Int’l Airport Ltd held by MAHB and MAMPL.”
