GMR Hyderabad International Airport acquires 44.61% stake in MAS GMR Aerospace Engineering Company
GMR Infrastructure announced that GMR Hyderabad International Airport (GHIAL) a subsidiary of GMR Infrastructure on 12 December 2014 has acquired 9,67,50,000 shares of face value of Rs. 10 each, representing 44.61% stake in MAS GMR Aerospace Engineering Company (MGAE) from Malaysia Aerospace Engineering SDN BHD (MAE) for a nominal consideration. Before acquisition of the stake, MGAE was a Joint Venture Company of GHIAL and MAE. With this acquisition of stake from MAE, MGAE has now become a wholly owned subsidiary of GHIAL.Powered by Capital Market - Live News
