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GMR INFRASTRUCTURE LTD. - Updates
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25 May 2015
GMR Infrastructure Ltd has informed BSE that pursuant to the definitive agreement executed on March 24, 2015 and completion of all conditions precedent, GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, on May 25, 2015 has acquired 24,50,00,000 shares of face value of Rs. 10 each, representing 10% equity stake in Delhi International Airport Pvt. Limited (DIAL) from Malaysia Airports (Mauritius) Private Limited (MAMPL) for a revised consideration of USD 80 million in line with the terms of the definitive agreements. DIAL is a special purpose vehicle formed to carry out development, operation and management of IGI airport, Delhi. With the acquisition of stake from MAMPL, GAL equity stake in DIAL has increased to 64%.
View all announcements for GMR INFRASTRUCTURE LTD. Source: BSE India