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.