GMR Airports Infrastructure Ltd to Acquire 10% Interest in Delhi International Airport Ltd for USD 126 Million

GMR Airports Infrastructure Ltd (GIL), a subsidiary of GMR Infrastructure Limited, has entered into a Share Purchase Agreement (SPA) with Fraport AG Frankfurt Airport Services Worldwide to acquire their current minority 10% equity stake in Delhi International Airport Limited (DIAL). The transaction is valued at USD 126 million. Post acquisition, GIL's stake in DIAL would increase to 74%. The transaction is subject to the approval of Airports Authority of India (AAI) and GIL Shareholders, and is expected to be concluded within 180 days from the date of execution of the SPA.