open demat account

GMR Infrastructure on Friday said the company’s name has been changed to GMR Airports Infrastructure Ltd after the demerger of its non-airport business.

“Post receipt of approval of the shareholders of the company and necessary regulatory approvals, the change of name is effective from September 15, 2022,” it said in a release.

Espresso in content banner September 2022

The company had demerged its non-airport business — EPC and urban infrastructure — to GMR Power and Urban Infra Limited.

“To reflect the above characteristic of being an airport holding company post the demerger, it was deemed appropriate to reflect the airport business in the name of the company as well,” the release said.

Currently, GMR Airports is operating airports at Delhi, Hyderabad and Cebu in the Philippines. It has also bagged the development and operation rights of Kualanamu International Airport in Medan, Indonesia.

The company is also developing three greenfield airports at Goa and Bhogapuram in India, and Crete airport in Greece. PTI RAM DRR

FinGrad In-content Banner

To stay updated with the Latest Stock Market news, download our app here!

For editorial purposes, contact news@tradebrains.in

Start Your Financial Learning Journey

Want to learn Stock Market and other Financial Products? Make sure to check out, FinGrad, the learning initiative by Trade Brains. Click here to Register today to Start your 3-Day FREE Trail. And do not miss out on the Introductory Offer!!