GMR Airports acquires Fraport's 10% stake in Delhi International Airport Ltd
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Background ✨
GMR Airports entered a share purchase agreement to acquire Fraport's 10% stake in Delhi International Airport Ltd for USD126 million, a deal expected to conclude within 180 days of execution, subject to approvals from Airports Authority of India and GMR's shareholders1. GMR Airports also aimed to acquire stakes in other ventures, including Bird Delhi General Aviation Services, to enhance its presence at Delhi Indira Gandhi International Airport2.