GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports Limited, has acquired a 70% stake in ESR GMR Logistics Park Private Limited (EGLPPL), thereby assuming full ownership of the company.
The remaining 30% stake in EGLPPL was already held by GMR Hyderabad Aerotropolis Limited. (GHAL), a wholly owned subsidiary of GHIAL. With this acquisition, GHIAL, directly and through GHAL, now holds 100% equity in EGLPPL, converting it into a wholly owned subsidiary.
EGLPPL was originally established on January 8, 2020, with the objective of developing warehousing and logistics parks in Hyderabad. The company has since developed approximately 1.7 million square feet of industrial and logistics infrastructure, said a release.
GHIAL stated that this acquisition aligns with its long-term Airport Land Development (ALD) strategy, aimed at expanding the airport’s role beyond aviation to drive broader economic activity through the creation of an Aerotropolis.
“Hyderabad Airport was envisioned not just as an aviation gateway, but as the catalyst for a thriving Aerotropolis, a future-forward ecosystem designed to enhance connectivity, boost economic activity, and drive holistic regional development. This acquisition positions us to explore new growth opportunities, strengthen the airport’s ecosystem, and deliver enhanced value to our stakeholders,” said Pradeep Panicker, CEO, GHIAL.
Published – July 10, 2025 08:20 pm IST
