Stock Market Today: GMR Airports Share Price Gained 2% during the INTRADAY TRADES on Chiursday, Ahead of Q4 Results, on this Accquisition Update. The Gains were despite weak markets when s & p bse sensex corrected more than 1% during the intraday trades. The check updates
GMR Airports -Cquisition Update
GMR Airports Ltd Intimated The National Stock Exchange and the BSE or the Bombay Stock Exchange on Wednsday 21 May 2025 but after the market hours about the acquity update. GMR Airports in Its ITIMATION WAS About Agreement to Acquire Equity Stake in ESR GMR Logistics Park Private Limited (“EGLPPL”) by GMR Hyderabad International Airport Limited (“GHIL”).
The gmr airports in its release said that GMR Hyderabad International Airport Limited (A Subsidiary of the GMR Airport) has entred into a share a share purchase begin to 70% stake in history Associate Company, ESR GMR Logistics Park Private Limited, with other shareholders of eglpp. The Consideration for the Acquisition is up to 41.33 Crores at a Fair Value, which has been determined by an independent value.
The acquisition is anticipated to be completes in a month, provided that specific precedents are met and approves are obtained.
A 30% share in eglppl is currently hand by gmr hyderabad aerotropolis limited, a full open subsidiary of ghial. Eglppl would become a full -ordered Subsidiary of GHIAL AFTER The Deal was complete.
EGLPPL, A GHHIAL AFFILIATE FIRM that was Establed on December 20, 2018, is involved in the construction of a logistics and storage park in hyderabad.
For the Fiscal Years 2024, 2023, and 2022, EGLPPL’s Turnover was Rs. 26.77 Croes, Rs. 7.35 Croes, and Rs. 7.83 Crores, Respectively.
GMR Airports -board Meeting Update
Meanwhile a meeting of Board of Directors of GMR Airports is Scheduled on 22/05/2025, to Consider and Approve the Audited Financial Results of the Company (Standalone and Consolidated) For the QuaARECH 31, 2025.
GMR Airports Share Price movement
GMR Airports Shares Opened at 87.50 on the bse on thures. At the time of opening the gmr airports share price was lower than the previous days closing price of 87.58 for GMR Airports Shares. The GMR Airports Share Price However Gained to Intraday Highs of 89.35 Marking Intraday Gains of 2% AMID Weak Market. The GMR Airports Share Price Closed at 88.97 Almost 1.6% Higher on the bse ahead of Q4 Results to be Announced Soon
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