Cyril Amarchand Mangaldas Advised GMR Hyderabad Aerotropolis and GMR Hyderabad International Airport on Acquisition of Stake in ESR GMR Logistics Park
Cyril Amarchand Mangaldas acted as legal counsel for GMR Hyderabad Aerotropolis Limited (GHAL) and GMR Hyderabad International Airport Limited (GHIAL) in connection with GHIAL’s acquisition of the remaining 70% stake in ESR GMR Logistics Park Private Limited (EGLPPL) from ESR Hyderabad 1 Pte. Limited (EH1PL).
GHAL, a wholly owned subsidiary of GHIAL, already held a 30% stake in EGLPPL and, through this transaction, GHIAL will obtain complete operational and strategic control of EGLPPL. The transaction also includes the infusion of funds into EGLPPL by way of inter-corporate deposits for the redemption of securities held by EH1PL and ESR India Investor Pte. Ltd. (EIIPL). EGLPPL is engaged in developing warehousing and logistics infrastructure near Rajiv Gandhi International Airport.
The Cyril Amarchand Mangaldas team was led by Ajay Sawhney (Partner, Head – Northern Region) and Aditi Misra (Partner), with support from Nikhil Gupta (Associate), Aishik Majumder (Associate), and Divisha Dwivedi (Associate).
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