GMR Airports will purchase a 50 per cent stake in Chicken Delhi Normal Aviation Companies for Rs 15.02 crore to bolster its presence within the airport-related companies. In a regulatory submitting on Wednesday, the corporate stated it has entered right into a share buy settlement to accumulate as much as 5 lakh fairness shares and 1.90 crore non-cumulative compulsorily convertible desire shares of Chicken Delhi Normal Aviation Companies Pvt Ltd (BDGASPL), constituting as much as 50 per cent of its paid-up share capital.
The securities shall be acquired for round Rs 15.02 crore.
“The stated transaction shall be in furtherance of the present enterprise of airport adjacencies/airport-related companies and so forth, and would strengthen its presence within the airport and airport-related companies,” the submitting stated.
Arrange in August 2005, BDGASPL is into the event and operation of the final aviation terminal, upkeep centre, and related services on the Delhi airport.
BDGASPL, earlier often known as Chicken Execujet Airport Companies Pvt Ltd, raked in revenues of Rs 64.51 crore within the 2023-24 fiscal.
