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An update from GMR Airports Ltd ( (IN:GMRAIRPORT) ) is now available.
GMR Airports Limited has increased its stake in Delhi Duty Free Services Private Limited (DDFS), the duty-free operator at Indira Gandhi International Airport, New Delhi, by acquiring 49.90% of DDFS’s equity from fellow subsidiary Delhi International Airport Limited for Rs 1,832.24 crore, taking its total holding in DDFS to 66.93%. The move consolidates GMR’s direct control over the profitable duty-free business—whose revenues have grown from Rs 1,541.83 crore in FY 2023 to Rs 2,177.32 crore in FY 2025—and aligns with its appointment as the new concessionaire for the Delhi duty-free operations and its plans to pursue further duty-free opportunities in India and overseas; the related-party transaction was conducted on an arm’s length basis, required no additional regulatory approvals, and has been cleared by the relevant corporate authorities.
More about GMR Airports Ltd
GMR Airports Limited, formerly GMR Airports Infrastructure Limited, is an airport infrastructure and services company that develops, operates and manages airports and related commercial activities. Through its subsidiaries, it is involved in airport concessions and associated businesses such as duty-free retail, with a significant presence at Indira Gandhi International Airport in New Delhi and a focus on expanding airport-linked commercial opportunities in India and abroad.
Average Trading Volume: 1,044,932
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1072.3B INR
See more insights into GMRAIRPORT stock on TipRanks’ Stock Analysis page.