GMR Infrastructure subsidiary picks 17% stake in Delhi Duty Free Services at IGI airport

NEW DELHI: A GMR Infrastructure subsidiary has acquired 17.03 per cent stake in Delhi Duty Free Services at IGI airport for an undisclosed sum.

Delhi Duty Free Services is operating, maintaining and managing the duty free outlets at IGI Airport under concession from Delhi International Airport Private Limited for a period of 15 years upto 2024-25.

"GMR Airports, a subsidiary of GMR Infrastructure, has acquired 17.03 per cent equity stake in Delhi Duty Free Services...," GMR Infrastructure said in a BSE filing.

Delhi International Airport Pvt Ltd has the majority 49.9 per cent stake at Delhi Duty Free Services.

Yalorvin Ltd, a subsidiary of AerRianta International cpt, wholly-owned by the Ireland Government-owned Dublin Airport Authority, has 33.07 per cent stake in Delhi Duty Free Services.