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GMR Infra’s arm divests 100% stake in APFTAL

GMR Infrastructure’s (GIL) subsidiary — GMR Hyderabad International Airport (GHIAL) has divested its 100% stake in its subsidiary namely Asia Pacific Flight Training Academy (APFTAL) to a third party, for a token consideration. APFTAL is engaged in the business of providing flight training.

Consequent to the above divestment, APFTAL has ceased to be a subsidiary of GHIAL and thereby also of GIL.

GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.

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