GMR Group and its affiliate are acquiring an 11% stake in GMR Hyderabad International Airport Limited from Malaysia Airports Holding Berhad (MAHB) and its subsidiary. The acquisition is for a negotiated aggregate consideration of USD 100 million. GMR Airports Limited will increase its stake in GHIAL to 74% through this transaction. The deal is subject to customary closing conditions and is expected to be concluded within a maximum of 135 days from the date of execution of the agreement.
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