Thursday, November 01, 2018

GHIAL inks pact to acquire stake in airport cargo firm

Hyderabad: GMR Hyderabad International Airport Limited (GHIAL) has said it signed a definitive agreement to acquire the entire stake held by Menzies Aviation Cargo (Hyderabad) Ltd in Hyderabad Menzies Air Cargo Private Limited Limited for about Rs 60 crore.

GHIAL is a GMR group company that manages the Rajiv Gandhi International Airport here.

It is a direct subsidiary of GMR Airports Ltd and an indirect subsidiary of GMR Infrastructure Ltd.

A GHIAL release said that GMR Hyderabad International Airport Limited had entered into a definitive share purchase agreement to acquire the entire equity and preference shares held by Menzies Aviation Cargo (Hyderabad) Limited in Hyderabad Menzies Air Cargo Private Limited (HMACPL) at a total consideration of Rs 59.75 crore.
31/10/18 PTI/India.com

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