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GMR Airports Ltd, a subsidiary of GMR Infrastructure Ltd, has acquired a 17.03 per cent stake in Delhi Duty Free Services at Indira Gandhi International Airport here for an undisclosed sum.
Delhi Duty Free is operating, maintaining and managing the duty free outlets at the airport under concession from Delhi International Airport Pvt Ltd (DIAL) for a period of 15 years up to 2024-25.
DIAL has 49.9 per cent stake at Delhi Duty Free. Yalorvin Ltd, a subsidiary of AerRianta International, wholly owned by the Dublin Airport Authority (an undertaking of the government of Ireland), has a 33.07 per cent stake. GMR Group is the lead member of a consortium controlling a 54 per cent stake in DIAL.
The stock of GMR Infra today closed 1.2 per cent lower at Rs 20.50 on the BSE, while the benchmark Sensex rose 0.06 per cent to 19,441.07 points.
