GMR AIRPORTS LIMITED has informed the Exchange about Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) Agreement to acquire equity stake in ESR GMR Logistics Park Private Limited ( EGLPPL ) by GMR Hyderabad International Airport Limited ( GHIAL )
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GMR Airports Limited's subsidiary, GHIAL, has signed a Share Purchase Agreement to acquire the remaining 70% stake in ESR GMR Logistics Park Private Limited (EGLPPL) for up to about Rs. 41.33 crores, at fair value determined by an independent valuer. GHIAL already holds a 30% stake in EGLPPL through its wholly owned subsidiary GHAL, and after the deal, EGLPPL will become a wholly owned subsidiary of GHIAL. EGLPPL develops warehousing and logistics parks in Hyderabad and reported a turnover of Rs. 26.77 crores in FY24, up from Rs. 7.35 crores in FY23. The acquisition supports GHIAL's broader Airport Land Development (ALD) plan to build industrial, warehousing, commercial, hospitality, and retail assets near the Hyderabad airport. The deal is expected to close within one month, needs no regulatory approvals, and is not a related-party transaction.
This is a small-ticket, non-cash-stressing acquisition that consolidates a logistics park business into GMR Airports' Hyderabad airport ecosystem, supporting long-term land monetisation but unlikely to move the stock price materially in the near term.