Update on acquisition of equity stake in ESR GMR Logistics Private Limited by GMR Hyderabad International Airport Limited
Awaiting price reaction for this filing.
GMR Airports Limited announced that its subsidiary, GMR Hyderabad International Airport Limited (GHIAL), has completed the acquisition of the remaining 70% stake in ESR GMR Logistics Park Private Limited (EGLPPL) from the ESR Group. Earlier, GHAL (a wholly owned subsidiary of GHIAL) held 30% in EGLPPL, and with this acquisition, EGLPPL has now become a wholly owned subsidiary of GHAL. The deal was first announced via a Share Purchase Agreement signed on May 21, 2025, and all conditions precedent have now been fulfilled with the transfer of shares and consideration completed. The company described this as a strategic acquisition aimed at expanding and strengthening its airport-based industrial and warehousing asset portfolio.
This consolidation gives GMR Airports full control over EGLPPL, allowing it to fully integrate the logistics and warehousing business into its airport operations, which could enhance long-term revenue and operational synergies for shareholders.