GMR Airports Ltd announced that its subsidiary, GMR Hyderabad International Airport Ltd, has successfully acquired a 70% share in its affiliated business, ESR GMR Logistics Park Pvt Ltd.
A thirty percent ownership in ESR GMR Logistics Park Pvt Ltd (EGLPPL) is already held by GMR Hyderabad Aerotropolis Ltd (GHAL), a wholly-owned subsidiary of GMR Hyderabad International Airport.
As a partner of GMR Hyderabad International Airport, EGLPPL is involved in the construction of logistics and storage parks in Hyderabad. GMR Hyderabad International Airport and other shareholders had signed a share purchase agreement for the deal.
