GMR Airports Limited, a subsidiary of GMR Infrastructure, has acquired 17.03% stake in Delhi Duty Free Services at Indira Gandhi International airport for an undisclosed sum. Delhi Duty Free Services is operating, maintaining and managing the duty free outlets at IGI Airport under concession from Delhi International Airport Private Limited (DIAL) for a period of 15 years up to 2024-25.
"GMR Airports, a subsidiary of GMR Infrastructure, has acquired 17.03% equity stake in Delhi Duty Free Services," GMR Infrastructure said in a filing to the Bombay Stock Exchange (BSE). Delhi International Airport Pvt Ltd has the majority 49.9% stake at Delhi Duty Free Services. Yalorvin Ltd, a subsidiary of AerRianta International cpt, wholly-owned by the Dublin Airport Authority (an undertaking of the Government of Ireland), has 33.07% stake in Delhi Duty Free Services.
GMR Group is the lead member of consortium controlling 54% stake in DIA(P)L. Shares of GMR Infrastructure were trading at Rs 20.50 a piece, down by 1.20% on close at the Bombay Stock Exchange (BSE).
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