GMR Airports to Acquire Additional Stake in Hyderabad Airport

26 Oct 2023 CW Team

With this acquisition, GMR Airports' stake in Hyderabad Airport will increase to 76%, solidifying its status as a dominant player in the Indian aviation market. The transaction is valued at approximately ?1,248 crore ($166 million).

GMR Airports, known for its expertise in managing and operating airports worldwide, has been instrumental in transforming Hyderabad Airport into a world-class facility. Its consistent efforts in providing top-of-the-line infrastructure and passenger services have made the airport a preferred choice for both domestic and international travelers.

This additional stake acquisition demonstrates GMR's commitment to further develop and expand its presence in the Indian aviation industry. The move aligns with the company's vision to drive economic growth, enhance operational efficiency, and deliver an excellent airport experience to its passengers.

The aviation sector in India has witnessed steady growth in recent years, and Hyderabad Airport plays a vital role in catering to this increasing demand. As an important gateway to South India, the airport serves as a hub for several domestic and international airlines. By acquiring a larger stake, GMR Airports aims to leverage its industry expertise, improve existing facilities, and introduce new initiatives that will enhance the overall passenger experience.

The increased stake in Hyderabad Airport will also enable GMR Airports to tap into rising commercial opportunities and further strengthen its revenue streams. The company has a proven track record of successfully managing and developing airports globally, including Delhi, Istanbul, and the Maldives. By applying its best practices, GMR Airports will strive to create a sustainable and efficient aviation ecosystem in Hyderabad.

The acquisition process is subject to regulatory and shareholder approvals. Once completed, GMR Airports' affiliates will effectively consolidate their position in Hyderabad Airport, as well as solidify their leadership in the Indian aviation sector.

In conclusion, GMR Airports is set to acquire an additional 11% stake in Hyderabad Airport, reaffirming its commitment to the Indian aviation industry. This acquisition will not only boost GMR's holdings but also contribute to the overall growth and development of Hyderabad Airport, ensuring a world-class experience for passengers.

GMR Airports, a leading global infrastructure company, has announced its affiliates will acquire an additional 11% stake in Hyderabad Airport. This move will further strengthen GMR's position in the aviation sector and consolidate its operations in one of India's busiest airports. With this acquisition, GMR Airports' stake in Hyderabad Airport will increase to 76%, solidifying its status as a dominant player in the Indian aviation market. The transaction is valued at approximately ?1,248 crore ($166 million). GMR Airports, known for its expertise in managing and operating airports worldwide, has been instrumental in transforming Hyderabad Airport into a world-class facility. Its consistent efforts in providing top-of-the-line infrastructure and passenger services have made the airport a preferred choice for both domestic and international travelers. This additional stake acquisition demonstrates GMR's commitment to further develop and expand its presence in the Indian aviation industry. The move aligns with the company's vision to drive economic growth, enhance operational efficiency, and deliver an excellent airport experience to its passengers. The aviation sector in India has witnessed steady growth in recent years, and Hyderabad Airport plays a vital role in catering to this increasing demand. As an important gateway to South India, the airport serves as a hub for several domestic and international airlines. By acquiring a larger stake, GMR Airports aims to leverage its industry expertise, improve existing facilities, and introduce new initiatives that will enhance the overall passenger experience. The increased stake in Hyderabad Airport will also enable GMR Airports to tap into rising commercial opportunities and further strengthen its revenue streams. The company has a proven track record of successfully managing and developing airports globally, including Delhi, Istanbul, and the Maldives. By applying its best practices, GMR Airports will strive to create a sustainable and efficient aviation ecosystem in Hyderabad. The acquisition process is subject to regulatory and shareholder approvals. Once completed, GMR Airports' affiliates will effectively consolidate their position in Hyderabad Airport, as well as solidify their leadership in the Indian aviation sector. In conclusion, GMR Airports is set to acquire an additional 11% stake in Hyderabad Airport, reaffirming its commitment to the Indian aviation industry. This acquisition will not only boost GMR's holdings but also contribute to the overall growth and development of Hyderabad Airport, ensuring a world-class experience for passengers.