Updated - February 02, 2018 10:26 pm IST
Published - February 02, 2018 10:24 pm IST - New Delhi
Photo: Special Arrangement
Malaysia Airports Holding Berhard will sell its entire 11% stake in GHIAL, which operates the Hyderabad international aerodrome, for ₹484 crore, according to a regulatory filing.
GMR Airports Ltd. has entered into an agreement to acquire 11% stake from Malaysian Airports Holding Berhard and its subsidiary MAHB (Mauritius) Pvt Ltd.
GMR Airports will purchase 4,15,80,000 shares from the two Malaysian entities for a consideration of “USD 76 million (approximately Rs 484 crore)”, the filing said.
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