{"id":131063,"date":"2024-09-09T19:41:30","date_gmt":"2024-09-09T19:41:30","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/09\/gmr-to-buy-fraports-10-stake-in-delhi-airport-become-74-stakeholder-of-dial-times-of-india\/"},"modified":"2024-09-09T19:41:30","modified_gmt":"2024-09-09T19:41:30","slug":"gmr-to-buy-fraports-10-stake-in-delhi-airport-become-74-stakeholder-of-dial-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/09\/gmr-to-buy-fraports-10-stake-in-delhi-airport-become-74-stakeholder-of-dial-times-of-india\/","title":{"rendered":"GMR to buy Fraport&#8217;s 10% stake in Delhi Airport; become 74% stakeholder of DIAL &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-113201804,imgsize-1907115.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"GMR to buy Fraport&#8217;s 10% stake in Delhi Airport; become 74% stakeholder of DIAL &#8211; Times of India\" title=\"GMR to buy Fraport&#8217;s 10% stake in Delhi Airport; become 74% stakeholder of DIAL &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/gmr-group\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">GMR<\/a> Airports Infra Ltd (GIL) will acquire 10% stake in Delhi International <!-- -->Airport<!-- --> Ltd (<!-- -->DIAL<!-- -->) that Fraport Airport hold for $126 million. After this, GMR&#8217;s stake in IGIA will rise to 74% with Airports Authority of India having the remaining 26%.<br \/>GIL Monday said it has entered into a share purchase agreement (<!-- -->SPA<!-- -->) with Fraport AG Frankfurt Airport Services Worldwide to acquire the latter&#8217;s current minority 10% equity stake in DIAL.<br \/>Delhi International Airport Limited (\u201cDIAL\u201d), a subsidiary of the Company. GIL currently holds 64% of the paid-up capital of DIAL. The transaction, subject to the AAI\u2019s approval and approval of GIL shareholders is expected to be concluded within 180 days from the date of execution of this SPA.<br \/>GBS Raju, business chairman (airports), said: \u201cFraport has been one of the original shareholders and have been our partners in Airport journey. They have extended significant technical support to Delhi Airport as per their role of Airport Operator.\u201d<br \/>Kiran <!-- -->Kumar Grandhi<!-- -->, corporate chairman of GMR Group, said: \u201cThe acquisition of additional stake in <br \/>DIAL is in line with our objective of consolidating our presence in core assets of the Group and signifies <br \/>the importance of Delhi airport in the overall Group portfolio.\u201d<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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After this, GMR&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":131064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-113201804,imgsize-1907115.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[804,4222,2921,60697,105527,95879,273,105526,57571,2341,27912,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/131063"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=131063"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/131063\/revisions"}],"predecessor-version":[{"id":131065,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/131063\/revisions\/131065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/131064"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=131063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=131063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=131063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}