General Announcement::Disclosure or Intimation

Issuer & Securities

Issuer/ Manager
GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED
Securities
GMRHYDERABUS$350M4.25%N271027A - US36256WAA27 - 83DB
GMRHYDERABUS$350M4.25%N271027R - USY3004WAA00 - 83EB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
02-Feb-2018 19:47:34
Status
New
Announcement Sub Title
Disclosure or Intimation
Announcement Reference
SG180202OTHRG3CJ
Submitted By (Co./ Ind. Name)
Anup Kumar Samal
Designation
Company Secretary
Effective Date and Time of the event
02/02/2018 17:00:00
Description (Please provide a detailed description of the event in the box below)
GMR Airports Limited ("GAL"), a subsidiary of GMR Infrastructure Limited, on February 2nd, 2018 has entered into an agreement, subject to standard approvals, to acquire 4,15,80,000 shares of face value of Rs.10 each, representing 11% equity stake in GMR Hyderabad International Airport Limited ("GHIAL") collectively from Malaysia Airports Holdings Berhad ( MAHB ) and its subsidiary MAHB (Mauritius) Private Limited ( MAMPL ) for a consideration of USD 76 million (approx. INR 484 Crore).

GHIAL is a special purpose vehicle formed to design, finance, build, operate and maintain Rajiv Gandhi International Airport ("RGIA"), Hyderabad for a concession period of 60 years starting March 2008. GAL currently holds 63% equity stake in GHIAL and post proposed acquisition the stake will increase to 74%. The remaining stake in the GHIAL is held by Airports Authority of India (13%) and Government of Telangana (13%).

Please take the same on record.

Attachments

SGX disclosure 02-02-2018 - acquisition of shareholding of MAHB by GAL in GHIAL.pdf
Total size =47K