GMR Airports will purchase 50% stake in Chicken Delhi Basic Aviation Companies, deal value ₹ 15 crore – INA NEWS
GMR Airports Restricted goes to purchase 50 % paid up share capital of Chicken Delhi Basic Aviation Companies Non-public Restricted (BDGASPL). For this, a share buy settlement has been signed between the 2 events. Beneath the settlement, GMR Airports will buy 5,00,000 fairness shares and 1,90,00,000 non-cumulative compulsorily convertible desire shares (CCPS) of BDGASPL.
The whole worth of this transaction is roughly Rs 15.02 crore, the inventory change submitting mentioned. The acquisition will likely be completed in a number of tranches. This acquisition will strengthen GMR Airports’ holding in airport associated operations. This transaction will not be a associated occasion transaction, and the promoter group of GMR Airports has no involvement on this transaction.
What does BDGASPL do?
BDGASPL, included on August 17, 2005 below the Firms Act, 1956, specializes within the growth and operation of Basic Aviation Terminal, Upkeep Middle and related services at Indira Gandhi Worldwide Airport, New Delhi. During the last three monetary years, BDGASPL’s income has grown constantly. Its operational income was ₹64.51 crore in FY 2024, ₹54.2 crore in FY 2023 and ₹47.19 crore in FY 2022.
Bonus Inventory: Firm will take determination on bonus, break up and dividend on January 17, additionally getting ready to increase enterprise
Shares of GMR Airports Restricted closed at ₹76.77 with a marginal achieve of 0.14% on BSE on January 8. The market cap of the corporate is Rs 81000 crore. The inventory has fallen 12 % in 3 months. Promoters held 66.07 % stake within the firm by the top of September 2024.
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GMR Airports will purchase 50% stake in Chicken Delhi Basic Aviation Companies, deal value ₹ 15 crore
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