GMR Airports Share Price Rise 3% After Subsidiary’s Saudi Expansion

GMR Airports share price rose 2.79% to ₹83 per share on the NSE on Monday, April 7, 2025, despite a weak market. The rise in stock price came after the company announced that its step-down subsidiary, GMR Airport Developers (GADL), had acquired GADL LLC.

Details of the Acquisition

GMR Airports stated in an exchange filing that GMR Airport Developers Limited (GADL) has set up and acquired GADL LLC, a wholly owned subsidiary in Riyadh, Saudi Arabia. The new company has been formed with a capital of 5,00,000 Saudi riyals (₹1.14 crore).

GADL LLC will provide business and management consultancy services in Saudi Arabia. The company is yet to begin operations, but this acquisition will help GADL expand in airport-related businesses.

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About GMR Airports Ltd

Formerly called GMR Airports Infrastructure, GMR Airports Limited (GAL) is a global airport operator. It manages Delhi, Hyderabad, Goa, and Medan airports, handling over 120 million passengers in FY 2024. The company also operates in the Philippines and Indonesia, managing Mactan Cebu International Airport and Kualanamu International Airport.

GMR Airports has a market capitalisation of ₹85,094.79 crore on the NSE.

Stock Performance

• 52-week high: ₹103.75 (July 31, 2024)
• 52-week low: ₹67.75 (February 28, 2024)
• Year-to-date gain: Nearly 4%

At 12:25 PM, GMR Airports’ stock was trading at ₹81.21, up 0.59% from the previous close of ₹80.74, while the NSE Nifty50 was down 4.62%.

Conclusion

Despite a weak market, GMR Airports’ stock gained on expansion news. The acquisition strengthens its global presence, supporting long-term growth in airport services.

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