GMR raises stake in Hyderabad airport from 63% to 74%

[ NEW DELHI: GMR Group has increased its stake in Hyderabad airport from 63% to 74% by acquiring the 11% held by Malaysia Airport Holdings Berhad (MAHB) Group for $100 million. The remaining 26% stake is held equally by Airports Authority of India (AAI) and Telangana government.In a regulatory filing on Jan 26, GMR Airport … Read more