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The Hindu
The Hindu
National
The Hindu Bureau

GMR Group divests 8.18 lakh sq ft warehouse at RGIA for ₹ 188 cr.

GMR Group Hyderabad

GMR Hyderabad International Airport Ltd has divested an 8.18 lakh sqft warehouse facility at the Hyderabad airport to ILP Core Ventures I PTE Ltd for an enterprise value of ₹188.1 crore.

Definitive agreements have been signed and the transaction closed with ILP Core Ventures, which is a step-down subsidiary of Indospace Core PTE Ltd, India’s largest operator of core logistics and industrial real estate vehicle, it said in a release on Tuesday.

The deal was concluded by means of divestment of 100% equity stake of GMR Hyderabad Airport Assets Ltd, a subsidiary and a special purpose vehicle that owned the facility, it said.

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