BackGMR subsidiary picks up 17% stake in Delhi Duty Free Services
The other shareholders of Delhi Duty Free Services are Delhi International Airport (49%) and Yalorvin (33.07%)
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GMR Infrastructure Ltd said on Monday that its subsidiary GMR Airports Ltd had acquired a 17.03% stake in Delhi Duty Free Services Pvt. Ltd for an undisclosed amount.
Delhi Duty Free Services operates, maintains and manages duty-free outlets at the Indira Gandhi International Airport under a 15-year concession from the GMR-led Delhi International Airport Pvt. Ltd that runs until 2024-25.
The other shareholders of Delhi Duty Free Services are Delhi International Airport (49%) and Yalorvin Ltd (33.07%).
Yalorvin is a subsidiary of Aer Rianta International Cpt, wholly owned by the Dublin Airport Authority of Ireland.
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