NEW DELHI: GMR Group has increased its stake in Hyderabad airport from 63% to 74% by acquiring 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 government.
In a regulatory filing on Jan 26, GMR Airport Infra Ltd said: “The company on Oct 25, 2023, informed the exchanges that GMR Airports Limited has entered into a share purchase agreement with MAHB and MAHB (Mauritius) Pvt Ltd towards acquisition of 11% equity shareholding of GMR Hyderabad Int’l Airport Ltd held by MAHB and MAMPL.”
In a regulatory filing on Jan 26, GMR Airport Infra Ltd said: “The company on Oct 25, 2023, informed the exchanges that GMR Airports Limited has entered into a share purchase agreement with MAHB and MAHB (Mauritius) Pvt Ltd towards acquisition of 11% equity shareholding of GMR Hyderabad Int’l Airport Ltd held by MAHB and MAMPL.”