NEW DELHI: The GMR Group will increase its holding in Hyderabad airport by acquiring Malaysia Airports Holding Berhad (MAHB) group’s 11% stake in the company for $100 million by March next year.
GMR Airports (GAL) currently holds 63% of the paid-up capital of GMR Hyderabad International Airport(GHIAL). After the proposed acquisition, its stake in GHIAL would increase to 74%.
Government of Telangana (GoT) and Airports Authority of India (AAI) hold 13% each in GHIAL.
