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HinduBusinessLine

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GHIAL acquires 70% stake in GMR Logistics Park

  • GHIAL has acquired a 70% stake in GMR Logistics Park, increasing its ownership in the company to 100%.
  • EGLPPL, initially a joint venture between GHIAL and ESR Hyderabad 1 Pte. Ltd, was formed in 2020 for developing warehousing and logistics parks in Hyderabad.
  • GHAL's acquisition is part of its strategy to accelerate airport land development in Hyderabad and strengthen its presence in the industrial and warehousing sector.
  • The move aims to expand GHAL's footprint, unlock new growth avenues, and position Hyderabad as a significant logistics and warehousing hub in the region.

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