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GMRAIRPORT
has acquired a 49.90% equity stake in Delhi Duty Free Services Private Limited (DDFS) from Delhi International Airport Limited for ₹1,832.24 crores. The transaction involved purchasing 3,04,15,621 equity shares, increasing GMR Airports' total shareholding in DDFS to 66.93%. DDFS operates duty-free retail at Indira Gandhi International Airport, New Delhi, and has shown consistent revenue growth in recent years. This acquisition aligns with GMR Airports' strategic objectives in the duty-free retail segment and positions the company to explore further opportunities in India and international markets.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.#StockInNews#Miscellaneous
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