GMR Airports Ltd: Major Block Trade of 6.55 Million Shares on NSE
A significant block trade of approximately 6.55 million shares of GMR Airports Ltd occurred on the National Stock Exchange (NSE). The transaction was valued at Rs. 53.52 crores, with shares priced at Rs. 81.65 each. This large-scale trade in the airport infrastructure sector may indicate shifting investor sentiments or strategic moves by institutional investors.
13Jun 25
GMR Airports Ltd. Sees Significant Block Trade on NSE
A substantial block trade of GMR Airports shares occurred on the National Stock Exchange. The transaction involved 4,042,816 shares at Rs. 81.26 per share, totaling Rs. 32.85 Crores. This significant trade suggests continued investor interest in the company and may indicate potential shifts in ownership or investment positioning. GMR Airports, a subsidiary of GMR Infrastructure Limited, is a key player in Indian aviation infrastructure, operating major airports including Delhi and Hyderabad International Airports.
Jefferies maintains a 'Buy' rating on GMR Airports Infrastructure Limited and raises the price target to ₹100.00 following strong Q4 performance. The company's EBITDA grew 24% year-over-year to ₹1,010.00 crore. Analysts project over 45% EBITDA growth in FY26, driven by new tariffs at Delhi International Airport from April 2025 and expansion into duty-free operations at Delhi and Hyderabad airports from Q2 FY26.
23May 25
GMR Hyderabad International Airport to Acquire Full Ownership of EGLPPL
GMR Hyderabad International Airport is set to acquire the remaining 70% stake in Eastern Greenfield Private Limited (EGLPPL) for up to Rs 41.33 crore. This acquisition will make EGLPPL a wholly-owned subsidiary of GMR Hyderabad International Airport, strengthening GMR Airports' position in the airport infrastructure sector.
23May 25
GMR Airports Boosts Stake in Delhi International Airport to 74%
GMR Airports has signed a share purchase agreement with Fraport AG to acquire an additional 10% equity stake in Delhi International Airport Limited (DIAL), increasing its ownership from 64% to 74%. This strategic move strengthens GMR Airports' control over one of India's busiest airports, potentially allowing greater influence over operations and future development plans. Fraport AG, a German transport company, is divesting its 10% stake in DIAL. Financial details of the transaction were not disclosed.
GMR Airports Ltd. Sees Significant Block Trade on NSE
GMR Airports Ltd. experienced a significant block trade on the NSE, involving 10,028,634 shares valued at Rs. 88.63 crores. The transaction was executed at Rs. 88.38 per share. While the parties involved remain undisclosed, this large-scale trade may indicate institutional investor activity or strategic moves by major shareholders.
04Apr 25
GMR Airports Secures ₹400 Crore Through Non-Convertible Bond Issue
GMR Airports Limited has successfully raised ₹400 crore by issuing 40,000 non-convertible bonds with a 5% coupon rate and a 36-month tenure. This follows a ₹1,100 crore fundraising in February, demonstrating the company's strong capital management. The bonds, with a face value of ₹1 lakh each, will be listed on BSE Limited. GMR Airports reported robust financial growth with a 19.16% YoY increase in net sales to ₹2,653.24 crore for Q4 2024.
30Mar 25
GMR Airports: Delhi Airport Set for 148% Tariff Hike from April 2024
AERA approves a 148% increase in aeronautical tariffs for Delhi's Indira Gandhi International Airport, operated by GMR Airports Limited. The new structure, effective April 16, 2024, will raise yield per passenger from Rs 145 to Rs 360 by 2029. The plan includes a variable User Development Fee and incentives for international long-haul flights. Implementation begins April 16, 2025, with projected annual aeronautical revenues reaching Rs 3,510 crore by 2028-29.
08Mar 25
GMR Airports Boosts Stake in Delhi Airport to 74% with $126 Million Acquisition
GMR Airports Limited has increased its shareholding in Delhi International Airport Limited (DIAL) from 64% to 74% by acquiring a 10% stake from Fraport AG for $126 million. The transaction, initiated on September 9, 2024, has been completed with all necessary approvals. Airports Authority of India retains its 26% stake in DIAL. This move strengthens GMR Airports' control over one of India's busiest aviation hubs and may lead to more streamlined operations and decision-making at Delhi airport.