"GMR Highways and GMR Infrastructure have signed a share purchase agreement with its joint venture partners to divest 51% stake in GMR OSE Hungund Hospet Highways Pvt Ltd (GOHHHPL)," GMR Infrastructure said in a BSE filing.
GMR Infrastructure on Saturday said its consolidated net loss in July-September quarter narrowed to Rs 398.67 crore on the back of better operating margins from power plants and robust traffic growth in airports.
GMR Airports, a subsidiary of GMR infrastructure, has acquired 10 percent additional stake from Malaysia Airports (Mauritius) Private Limited for a consideration of USD 80 million, raising its stake to 64 percent in Delhi International Airport Limited.
GMR Infrastructure has inked a pact with GIIC of China to set up units at its special economic zone (SEZ) in Andhra Pradesh`s Kakinada, which will attract an investment of $3.5 billion over the next five years, a company statement said on Monday.
GMR Infrastructure Monday said it has inked pact with Guizhou International Investment Corp (GiIC), a consortium of three Chinese manufacturing firms, to set up units at its SEZ in Kakinada, a move that will see USD 3.5 billion worth of investments in the next 5 years.
Delhi International Airport Ltd (DIAL), a subsidiary of GMR Infrastructure, has exited from cargo services at the Delhi airport by selling its entire stake to India Infrastructure Fund for Rs 29 crore.
GMR Infrastructure on Friday said its subsidiary operating the city airport has acquired 44.61 percent stake in joint venture firm MAS GMR Aerospace Engineering Company (MGAE) from its Malaysian partner.