1. GMR picks up stake in Delhi International airport

GMR picks up stake in Delhi International airport

GMR Airports, a subsidiary of GMR Infrastructure, has upped its stake in Delhi International Airport...

By: | Bengaluru | Updated: March 26, 2015 12:53 AM

GMR Airports, a subsidiary of GMR Infrastructure, has upped its stake in Delhi International Airport (DIAL) by entering into an agreement to buy a 10% stake from Malaysia Airports (Mauritius) for $79 million. The stake purchase will take the group’s shareholding in the airport to 64%.

The acquisition of Malaysia Airports’ stake is subject to approval from AAI, the grantor of concession for the Delhi Airport and completion of other customary conditions, GMR Infrastructure said in an update to the stock exchanges on Wednesday.

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