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

17 Mar 2015 Evaluate

GMR Infrastructure’s subsidiary - Delhi International Airport (DIAL), has sold and transferred its entire holding of 1,09,20,000 equity shares of face value of Rs 10 each of Delhi Cargo Service Centre, to India Infrastructure Fund-II (investment manager - IDFC Alternatives), for Rs 26.20 per share and has received the total consideration of Rs 28.60 crore.

DIAL had earlier on February 21, 2015, 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.

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

97.65 0.29 (0.30%)
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Company Name CMP
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