Latest news with #ESRGMRLogisticsParkPvtLtd
Time of India
8 hours ago
- Business
- Time of India
GMR Airports' subsidiary completes 70% stake purchase in group co
GMR Airports Ltd on Thursday said its subsidiary GMR Hyderabad International Airport Ltd has completed the acquisition of 70 per cent stake in its associate company-- ESR GMR Logistics Park Pvt Ltd. GMR Hyderabad Aerotropolis Ltd (GHAL), a wholly-owned subsidiary of GMR Hyderabad International Airport, already holds a 30 per cent stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL). EGLPPL, an associate company of GMR Hyderabad International Airport, is into development of warehousing and logistics parks in Hyderabad. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo For the transaction, GMR Hyderabad International Airport had entered into a share purchase agreement with other shareholders. "... Upon fulfilment of conditions precedent, the process of transfer of share and exchange of consideration between the GHIAL and ESR Group has been concluded," GMR Airports said in a regulatory filing on Thursday. Live Events According to a filing made on May 21, GHIAL was to buy the 70 per cent stake in ESR GMR Logistics Park Pvt Ltd for a little over Rs 41 crore. "This is a strategic acquisition which will expand and strengthen our airport based industrial and warehousing asset portfolio," the filing on Thursday said. Shares of GMR Airports Ltd rose 1.44 per cent to close at Rs 84.75 apiece on the BSE on Thursday.
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Business Standard
9 hours ago
- Business
- Business Standard
GMR Hyderabad International Airport acquires 70% stake in Logistics Park
GMR Airports Ltd on Thursday said its subsidiary GMR Hyderabad International Airport Ltd has completed the acquisition of 70 per cent stake in its associate company -- ESR GMR Logistics Park Pvt Ltd. GMR Hyderabad Aerotropolis Ltd (GHAL), a wholly-owned subsidiary of GMR Hyderabad International Airport, already holds a 30 per cent stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL). EGLPPL, an associate company of GMR Hyderabad International Airport, is into development of warehousing and logistics parks in Hyderabad. For the transaction, GMR Hyderabad International Airport had entered into a share purchase agreement with other shareholders. "... Upon fulfilment of conditions precedent, the process of transfer of share and exchange of consideration between the GHIAL and ESR Group has been concluded," GMR Airports said in a regulatory filing on Thursday. According to a filing made on May 21, GHIAL was to buy the 70 per cent stake in ESR GMR Logistics Park Pvt Ltd for a little over Rs 41 crore. "This is a strategic acquisition which will expand and strengthen our airport based industrial and warehousing asset portfolio," the filing on Thursday said. Shares of GMR Airports Ltd rose 1.44 per cent to close at Rs 84.75 apiece on the BSE on Thursday. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
21-05-2025
- Business
- Business Standard
GMR Hyderabad Airport to acquire full control of logistics JV for ₹41 cr
GMR Airports Ltd on Wednesday said its subsidiary GMR Hyderabad International Airport Ltd will buy 70 per cent stake in its associate company ESR GMR Logistics Park Pvt Ltd for a little over Rs 41 crore. GMR Hyderabad Aerotropolis Ltd (GHAL), a wholly owned subsidiary of GMR Hyderabad International Airport, already holds 30 per cent stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL). For the transaction, GMR Hyderabad International Airport has entered into a share purchase agreement with other shareholders. "Upon conclusion of the transaction, EGLPPL would become a wholly owned subsidiary of GHIAL," a regulatory filing said. EGLPPL, an associate company of GMR Hyderabad International Airport, is into development of warehousing and logistics park in Hyderabad. The transaction will be in furtherance to GMR Hyderabad International Airport's strategy of airport land development at Hyderabad such as building and creating diversified asset portfolios of industrial & warehousing, commercial, hospitality and retail, that assist the overall airport and aid socio economic development of the region, the filing said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
