 The State and AAI together would hold a 26% stake in the project, while the remaining 74% would be allotted to private companies.Through a bidding process the Shamshabad international airport with already land acquired of 5000 acres is in government possession and N. Chandrababu Naidu assigned bid to consortium consisting of Grandhi Mallikarjuna Rao(GMR Group) and Malaysia Airports Holdings Berhad was chosen as the holder of the 74% stake.In December 2002, Hyderabad International Airport Ltd (HIAL), later renamed GMR Hyderabad International Airport Limited (GHIAL), was created as a special purpose entity, into which the State, AAI and GMR–MAHB placed their stakes.