GMR Airports Infra to buy Fraport's 10% stake in DIAL

Quick Summary:

GMR Airports Infra plans to buy a 10% stake in Delhi International Airport from Fraport Airport for $126 million, boosting its ownership to 74%.

The Airports Authority of India retains the remaining 26%.

The transaction awaits approval and is expected to finalize within 180 days.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaMali

Topics: Airport Spa Kumar grandhi Gmr Dial Business news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 05:48:24 (23 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22441564

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Official Website: timesofindia.indiatimes.com

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