GMR Airports has successfully acquired 4,90,000 equity shares and 1,86,20,000 Non-Cumulative Compulsorily Convertible Preference Shares representing 49% of the paid-up share capital of Bird Delhi General Aviation Services (BDGASPL) (Formerly Bird Execujet Airport Services) from its existing shareholders. Pursuant to the abovementioned acquisition, BDGASPL has become an associate of the Company.
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 | 83.68 |
| GMR Airports | 98.62 |
| View more.. | |
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