GMR AIRPORTS LIMITED — JV/Acquisition, 03-08-2025: Acquisition

GMR Airports, via its subsidiary GMR Airports Greece Single Member S.A., has acquired a 60% stake in GMR Terna Commercial S.A. (GTCSA) for approximately ₹6 crore. This strategic investment in a new Greek entity aims to bolster GMR's presence at the New Heraklion International Airport at Kasteli, Crete. GTCSA will manage crucial non-aeronautical businesses, enhancing revenue streams and strengthening the company's existing airport operations by diversifying its airport-related business portfolio. This move is key to unlocking further commercial potential at the Crete airport.