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- Apr 3, 2013
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GMR Airports has acquired an additional 10% stake in the Delhi International Airport (DIAL) from Malaysia Airports, for $80m.
With the deal, the Malaysia Airports Holding Berhad (MAHB) subsidiary has exited the venture bringing GMR's share in the airport to 64.
GMR Airports has acquired 24,50,00,000 shares of DIAL for a value at INR10 ($0.15) a share. MAHB announced its intention to exit the venture in March, as it considered a minority share is not giving the company enough power to exert influence, reported Press Trust of India.
With the deal, the Malaysia Airports Holding Berhad (MAHB) subsidiary has exited the venture bringing GMR's share in the airport to 64.
GMR Airports has acquired 24,50,00,000 shares of DIAL for a value at INR10 ($0.15) a share. MAHB announced its intention to exit the venture in March, as it considered a minority share is not giving the company enough power to exert influence, reported Press Trust of India.
