GMR Airports to acquire a 11% stake in Hyderabad International Airport from Malaysia Airports Holding Berhad for $100m.

GMR Airports, an infrastructure construction services provider, agreed to acquire a 11% stake in Hyderabad International Airport from Malaysia Airports Holding Berhad, airport operator group, for $100m. “Acquisition of the additional stake in GHIAL is in line with our objective of consolidating our presence in core assets of the Group and signifies importance of Hyderabad airport in the overall Group portfolio,” Kiran Kumar, GMR Airports Chairman.