GMR WILL BUY FRAPORT'S 10% STAKE IN DELHI AIRPORT

GMR Airports Infra Ltd (GIL) will acquire 10% stake in Delhi International Airport Ltd (DIAL) that Fraport Airport hold for $126 million. After this, GMR's stake in IGIA will rise to 74% with Airports Authority of India having the remaining 26%.

GIL Monday said it has entered into a share purchase agreement (SPA) with Fraport AG Frankfurt Airport Services Worldwide to acquire the latter's current minority 10% equity stake in DIAL.

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