GMR Infra arm buys 17 percent stake in Delhi Duty Free Services

A GMR Infrastructure subsidiary has acquired 17.03 percent stake in Delhi Duty Free Services at Indira Gandhi International (IGI) airport for an undisclosed sum.

Delhi Duty Free Services is operating, maintaining and managing the duty free outlets at the IGI airport under concession from Delhi International Airport Private Limited for a period of 15 years up to 2024-25.

 GMR Infra arm buys 17 percent stake in Delhi Duty Free Services

AFP

"GMR Airports, a subsidiary of GMR Infrastructure, has acquired 17.03 per cent equity stake in Delhi Duty Free Services...," GMR Infrastructure said in a BSE filing.

Delhi International Airport Pvt Ltd has the majority 49.9 per cent stake in Delhi Duty Free Services.

Yalorvin Ltd, a subsidiary of AerRianta International, wholly-owned by the Ireland Government-owned Dublin Airport Authority, has 33.07 percent stake in Delhi Duty Free Services.

PTI

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Updated Date: Dec 20, 2014 21:42:16 IST