GHIAL Acquires 70 Per Cent Stake in ESR GMR Logistics Park
The GHIAL by itself and through GHAL now owns 100 per cent of EGLPPL, making it a wholly owned subsidiary of the company
Hyderabad: GMR Hyderabad International Airport Limited (GHIAL) has announced the acquisition of a 70 per cent stake in ESR GMR Logistics Park Private Limited (EGLPPL). GMR Hyderabad Aerotropolis Limited (GHAL), a wholly owned subsidiary of GHIAL, already owns the remaining 30 per cent in EGLPPL.
The EGLPPL was initially formed as a joint venture between GHAL and ESR Hyderabad 1 Pte. Ltd on January 8, 2020 for the development of warehousing and logistics parks in Hyderabad. The company has developed approximately 1.7 million square feet of industrial and logistics infrastructure.
With this strategic acquisition, the GHIAL by itself and through GHAL now owns 100 per cent of EGLPPL, making it a wholly owned subsidiary of the company. This move is a significant step forward in GHAL’s long-term vision to accelerate its Airport Land Development (ALD) strategy in Hyderabad.
By consolidating its position in the industrial and warehousing sector, GHAL aims to expand its footprint and unlock new growth avenues, strengthen its core airport ecosystem, and reinforce Hyderabad’s emerging status as a major logistics and warehousing hub in the region.
Speaking on the agreement, Pradeep Panicker, CEO, GHIAL said, “This acquisition marks a pivotal advancement in our vision to transform Hyderabad Airport into a vibrant hub for integrated logistics and industrial development. With GMR Hyderabad Aerotropolis Ltd. already holding the remaining 30 per cent stake, this consolidation enables us to fully integrate EGLPPL into our long-term Airport Land Development strategy.”
Commenting on the development, Aman Kapoor, CEO, Airport Land Development, GMR Group said, “The successful acquisition of ESR GMR Logistics Park marks a pivotal moment in our journey to build a world class, airport led industrial and logistics ecosystem. This move empowers us to unlock new synergies across aviation, warehousing, and infrastructure—strengthening our ability to deliver integrated solutions and drive transformative growth.”
