GMR AIRPORTS LIMITED has informed the Exchange about Update on acquisition of equity stake in ESR GMR Logistics Park Private Limited by GMR Hyderabad International Airport Limited
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Awaiting price reaction for this filing.
GMR Airports Limited announced that its subsidiary GMR Hyderabad International Airport Limited (GHIAL) has completed the acquisition of 70% stake in ESR GMR Logistics Park Private Limited (EGLPPL) from ESR Group, following the Share Purchase Agreement signed on May 21, 2025. Combined with the existing 30% held by GHAL (another wholly owned subsidiary of GHIAL), EGLPPL has now become a wholly owned subsidiary of GHIAL. The company described this as a strategic move to expand and strengthen its airport-based industrial and warehousing asset portfolio. No open offer trigger or regulatory complications were mentioned in the filing.
Positive for shareholders — this acquisition consolidates EGLPPL fully under GMR's airport infrastructure vertical, strengthening its warehousing and industrial real estate portfolio adjacent to Hyderabad airport, though the financial impact will depend on EGLPPL's contribution to consolidated revenue and earnings going forward.