GMR AIRPORTS LIMITED — JV/Acquisition, 06-08-2026: Acquisition

GMR Airports (GAL) is expanding its non-aero revenue! GAL will acquire up to a 49% stake in TIM Goa Airport Advertising Pvt Ltd (TGAAPL) for ~INR 16.59 Cr. This strategic move strengthens GAL's airport-adjacent business portfolio, specifically the advertisement operations at Manohar International Airport, Mopa, Goa. The advertising business at this airport recorded revenues of INR 30.15 Cr in FY26. This acquisition diversifies GAL's income streams and enhances its presence in the airport ecosystem.