GMR Group is set to increase its ownership stake in Hyderabad airport to 74% by acquiring an additional 11% shareholding for $100 million from Malaysia Airports Holding Berhad (MAHB), which is exiting the venture. GMR Hyderabad International Airport Ltd (GHIAL), led by the GMR consortium, manages the Hyderabad airport, and GHIAL is a subsidiary of GMR Airports Ltd (GAL). 

This acquisition is part of GMR Group's strategy to consolidate its core assets. The negotiated total consideration for the acquisition is $100 million, with the transaction expected to be completed within a maximum of 135 days from the date of the agreement's execution. 

Following the acquisition, GAL's ownership in the Hyderabad airport will increase to 74%, while the Telangana government and the Airports Authority of India (AAI) will retain their 13% stakes each. 

GAL, a subsidiary of GMR Airports Infrastructure Ltd, also manages the Delhi and New Goa airports, in addition to its international projects like the Kualanamu International Airport in Indonesia, technical services to the Mactan Cebu International Airport in the Philippines, and the development of Bhogapuram Airport and Crete Airport in Greece.