GMR acquires 49% stake in Hampshire

MUMBAI: The GMR group, co-owner of IPL franchise Delhi Capitals, has completed a historic deal with English county team Hampshire.

In what is the first entry of an overseas investor into the county set-up, the GMR group will enjoy 49 per cent stake and have the option to acquire the remaining 51 per cent too.

The deal is estimated to be around Rs 1200 crore.

With the move, GMR will take control of the Utilita Bowl, the Hilton hotel and the 18-hole golf course adjacent to the cricket ground.

It also beefs up GMR's cricket portfolio which already features an IPL team, ILT20 in the UAE and the Major League Cricket franchise in the USA.


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