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GMR Infrastructure’s arm to sell entire stake in Delhi Cargo Service Centre

23 Feb 2015 Evaluate

GMR Infrastructure’s subsidiary - Delhi International Airport (DIAL), has entered into a definitive agreement to sell its entire stake of 26% of the equity capital of Delhi Cargo Service Centre which operates cargo operations at Delhi Airport.

DIAL has agreed to sell its entire holding of 1,09,20,000 equity shares of face value of Rs 10 each, to India Infrastructure Fund-II (investment manager - IDFC Alternatives Limited), for Rs 26.20 per share aggregating a total consideration of Rs 28.60 crore. The consummation of share sale is subject to fulfillment of certain conditions precedent.

GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.

GMR Airports Share Price

96.64 -0.23 (-0.24%)
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