GMR unit buys out Malaysia Aerospace stake in Hyderabad repair, overhaul unit. | News On Project

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Published On:December 13 2014

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GMR unit buys out Malaysia Aerospace stake in Hyderabad repair, overhaul unit.

GMR Hyderabad International Airport Limited (GHAIL) recently bought out Malaysia Aerospace Engineering SDN BHD (MAE)'s 44.61 per cent stake in a jointly-owned maintenance and overhaul facility.

With the buyout, MAS GMR Aerospace Engineering Company Limited (MGAE), becomes a wholly-owned subsidiary of GHIAL, itself a subsidiary of the diversified GMR Infrastructure Limited.

HBL

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