GMR Airports' Acquisition Sparks Share Price Surge

06 May 2024 CW Team

GMR Airports Limited has witnessed a significant surge in its share price following its exclusive acquisition of IT services provider WAISL. This strategic move underscores GMR Airports' commitment to diversifying its portfolio and expanding its presence in the IT services sector.

The acquisition of WAISL aligns with GMR Airports' broader strategy of enhancing its capabilities and leveraging synergies across its various business verticals. By integrating WAISL's expertise and resources, GMR Airports aims to strengthen its position as a leading player in the IT services domain.

Investors have responded positively to the news of the acquisition, driving up GMR Airports' share price in anticipation of the potential benefits and value creation opportunities associated with the deal. The acquisition is expected to contribute to GMR Airports' revenue growth and profitability in the long run.

WAISL brings a wealth of experience and technical proficiency to GMR Airports, enabling the company to enhance its service offerings and deliver innovative solutions to its clients. The acquisition reflects GMR Airports' strategic vision and its commitment to driving sustainable growth and value creation for its stakeholders.

As GMR Airports moves forward with the integration of WAISL into its operations, market analysts will closely monitor the progress and assess the impact on the company's financial performance and competitive positioning. The acquisition marks a significant milestone for GMR Airports as it continues to pursue strategic initiatives aimed at strengthening its market presence and driving long-term shareholder value.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..