GMR Airports has entered into a Share Purchase Agreement to acquire up to 5,00,000 equity shares and up to 1,90,00,000 Non-Cumulative Compulsorily Convertible Preference Shares of Bird Delhi General Aviation Services (BDGASPL) (representing up to 50% of the paid-up share capital of BDGASPL) from existing shareholders of BDGASPL, for a total consideration of around Rs 15.02 crore in one or more tranches.
The said transaction will be in furtherance of the existing business of Airport adjacencies/ Airport related businesses etc. and would strengthen its presence in the airport and airport related businesses.
GMR Airports (formerly GMR Airports Infrastructure), a subsidiary of GEPL, is engaged in development, operation and maintenance of airports along with offering integrated security solutions.
| Company Name | CMP |
|---|---|
| Dreamfolks Services | 85.30 |
| GMR Airports | 96.87 |
| View more.. | |
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