GMR Airports acquires 10% stake in Delhi International Airport
GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, has closed the acquisition of 10% equity stake in the Delhi International Airport Pvt. Limited (DIAL) in India from Malaysia Airports (Mauritius) Private Limited (MAMPL).
Specifically GAL has acquired 24,50,00,000 shares of face value of Rs. 10 each, representing 10% equity stake in DIAL for a revised consideration of US$80 million in line with the terms of the definitive agreements.
DIAL is a special purpose vehicle formed to carry out development, operation and management of IGI airport, Delhi. With the acquisition of stake from MAMPL, GAL equity stake in DIAL has increased to 64%.
Delhi Indira Gandhi International Airport spread over an area of 2,066 ha, is situated in Palam, 15 km south-west of the New Delhi railway station and 16 km from New Delhi city center. In 2014, the airport was among the top 30 busiest airports in the world with 39.7 million passengers handled, registering a 7.8% growth in traffic over the previous year.
With the commencement of operations at Terminal 3 in 2010, it became India's and South Asia's largest aviation hub, with a current capacity of handling more than 62 million passengers. The planned expansion program will increase the airport's capacity to handle 100 million passengers by 2030.
Country news
-
-
June 02, 2015
Isolux corsan begins operating NH8 toll road in India
Isolux Corsán has opened the NH-8 Kishangarh-Ajmer-Beawar highway in India, which will be managed through its subsidiary Isolux Infrastructure. Read more -
June 02, 2015
IIFCL Projects to provide advisory services to Indian Railways
India Infrastructure Finance Company Limited (IIFCL), through its subsidiary IIFCL Projects Lt, is looking into providing advisory services to the Indian Railways. Read more -
June 05, 2015
IRB Infrastructure wins Agra - Etawah bypass PPP
IRB Infrastructure has been selected as the preferred bidder for the Six laning of Agra-Etawah section of National Highway - 2 public and private partnership (PPP) project in India. Read more -
June 12, 2015
Kerala government accepts Adani Group's bid for construction of Vizhinjam port
Adani Ports and SEZ has been the only bidder for the project. Two other teams were shortlisted, ESSAR Ports and a consortium composed by Srei Infrastructure and OHL, but finally they do not submit any bid for the project. Read more -
June 22, 2015
Four teams qualified for Navi Mumbai airport PPP
Maharashtra's City and Industrial Development Corporation (CIDCO), though the the project monitoring and implementation committee (PMIC), has shortlisted all the four bidders for the Navi Mumbai International Airport PPP project in India.
Read more
