GMR Airports, which operates five major airports including Delhi and Hyderabad, is sharpening its strategy to grow non-aeronautical revenue while building an expansion playbook for upcoming facilities. The market is taking notice: the company’s stock jumped this week after reporting a 45% year-on-year rise in gross income, highlighting momentum beyond passenger volumes alone.
Groupe ADP, the operator of Paris airports, agreed a deal worth up to €924 million to sell part of its stake in GMR Airports, targeting as much as 7.3%. ADP will retain co-promoter status and governance rights, with an initial sell-down plus potential further divestment, alongside purchases of convertible bonds to balance value realization and continued upside.
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