GMR announces divestment of warehouse facility located at Hyderabad Airport
GMR Hyderabad International Airport Limited (GHIAL), a stepdown subsidiary of GMR Airports Infrastructure Limited, on Tuesday announced the divestment of an approximately 8,18,000 sqft warehouse facility located at the Hyderabad Airport to ILP Core Ventures I PTE Limited.
In a regulatory filing, the company said, “GHIAL signed the definitive agreements and closed the transaction with ILP Core Ventures I PTE Limited at an enterprise value of Rs 188.1 crore.”
This transaction is a testament of GMR Group’s capabilities in developing world class institutional grade real estate project assets and generating value through a successful exit, the company said in a statement.
