Gmr Airports

GMR Airports increases stake in Delhi airport operator DIAL to 74%

GMR Airports Ltd on Friday said it has hiked its stake in Delhi airport operator DIAL to 74 per cent after completing the acquisition of 10 per cent shareholding from Germany's Fraport. Last September, the company, which is part of the GMR Group, announced entering into a share purchase agreement with Fraport AG Frankfurt Airport Services Worldwide for buying the 10 per cent stake in Delhi International Airport Ltd (DIAL) for USD 126 million. "On receipt of requisite approvals and fulfilment of conditions precedent, the process of transfer of shares and exchange of consideration between the company and Fraport has been concluded. "Post this acquisition, the company's shareholding in DIAL now stands increased from 64 per cent to 74 per cent," GMR Airports said in a regulatory filing on Friday. Airports Authority of India (AAI) holds the remaining 26 per cent stake in DIAL, which operates the Indira Gandhi International Airport in the national capital and that is also the country's .

GMR Airports raises Rs 1,100 cr through non-convertible bonds issuance

GMR Airports has raised Rs 1,100 crore through the issuance of non-convertible bonds on a private placement basis. The management committee of the company's board on Tuesday allotted 1,10,000 rupee-denominated listed, unsecured, rated, redeemable non-convertible bonds on the private placement basis on receipt of Rs 1,100 crore, according to a regulatory filing. The bonds have a coupon rate of 5 per cent and a tenure of 36 months. The coupon shall be payable annually until the date of redemption and the bonds do not carry any special right/interest/privileges, the filing said. GMR Airports operates three airports in India -- Delhi, Hyderabad and Goa -- and two airports in the Philippines and Indonesia.

Stocks to Watch, Feb 18, 2025: Airtel, NTPC, Power Grid, Vedanta, Paytm

Stocks to Watch, Feb 18, 2025: Airtel, NTPC, Power Grid and other stocks will be on investors' radar today

Delhi airport's shops, restaurants, and rentals outpace aviation revenue

Traditional aeronautical revenue contributed just 20 per cent to Delhi airport's total earnings in the first nine months of FY25, while 57 per cent came from non-aero activities

GMR Airports Q3 results: PAT at Rs 202 cr, net income rises to Rs 2,081 cr

Swinging into the black, GMR Airports Ltd (GAL) on Tuesday reported a profit after tax of Rs 202 crore for the three months ended December 2024. GAL, which owns the airport business of GMR Group, had posted a loss of Rs 486 crore in the year-ago period. These figures are after tax from continuing operations. In the third quarter of the current fiscal, the company's net income rose to Rs 2,081 crore from Rs 1,738 crore a year ago, according to a regulatory filing. Airports at Delhi and Hyderabad, which are under GAL, saw rising air traffic in the 2024 December quarter. At the Delhi airport, passenger traffic "increased to 20.3 million, up by 8.1 per cent YoY from 18.8 million in Q3 FY24," the filing said. GMR Group also operates Goa airport as well as two airports in the Philippines and Indonesia.

Stocks to Watch, Dec 4: Swiggy, Adani Group shares, Vedanta, GMR Airports

Stocks to Watch, Dec 4: From Adani Group to Swiggy, here is a list of stocks that will be in spotlight today

GMR Airports gains 4% as passenger traffic increases 9% YoY to 10.7 million

In its October update, GMR Airports said that it handled more than 10.7 million passengers across all airports which implies 9.2 per cent rise Y-o-Y

Stocks to watch, Nov. 19: NTPC, Waaree Energies, Bajaj Fin, ITI, SpiceJet

Here is a list of stocks that will be in the limelight for November 19 session

Telangana clears Rs 205 cr for Warangal Airport after GMR's approval

Telangana government has issued orders sanctioning Rs 205 crore for acquiring over 280 acres of land for the development of Mamnoor Airport at Warangal, after GMR Group which manages Hyderabad Airport issued "No Objection" certificate for operation of the aerodrome. According to the GO issued on Sunday, the Airports Authority of India (AAI) in July 2022, informed the state government that it is ready to develop Warangal Airport for A-320 type of aircraft for IFR (instrument flight rules) operations and is ready to bear the infrastructure cost, operational and maintenance of the proposed airport. A master plan has been prepared for the operation of A-320 type of aircraft for which an additional land measuring 253 acres is required from the state government of Telangana, free of cost and free from all encumbrances. The AAI also wanted the state government to take up the proposal and expedite handing over of the required land to the airports body and no objection certificate from ...

GMR can now run Nagpur Airport; curative petitions of Centre, AAI dismissed

He added that he personally thinks the curative petitions were not maintainable as they did not meet the threefold requirements of bias, lack of hearing, or any other analogous grounds

SC nixes govt and AAI's curative plea, confirms GMR role in Nagpur airport

Dispute dates back to 2022 when the Supreme Court upheld a Bombay High Court ruling in favour of GMR Group to operate and manage Nagpur's airport

GMR Airports ups 3% on move to acquire Fraport's 10% stake in IGI Airport

GMR Airports is in the process of raising its stake in Delhi International Airport by acquiring the 10 per cent stake owned by Germany's Fraport

GMR Airports buys Fraport's shares, raises stake in Delhi airport to 74%

The deal comes just over a month after heavy rainfall caused the airport's roof to collapse killing one person and shutting down a busy domestic terminal

Private equity player GQG Partners hikes stake in GMR Airports to 5.17%

Private equity player GQG Partners has hiked its stake in GMR Airports Infrastructure to 5.17 per cent by snapping up additional shares worth over Rs 433 crore through open market transactions. GQG Partners, also a key investor in Adani Group, purchased 0.43 per cent stake in GMR Airports Infrastructure on August 23, according to a regulatory filing on Wednesday. Prior to the transactions, GQG Partners held a 4.74 per cent shareholding in the company. Through its affiliates, Fort Lauderdale-based asset management firm GQG Partners acquired an additional 0.43 per cent or over 4.52 crore shares. At the closing price of Rs 95.85 apiece on August 23, the shares are worth more than Rs 433 crore. Earlier, GQG Partners held 7.66 per cent stake in the company but due to corporate actions, the shareholding reduced below 5 per cent, as per the filing. "On August 23, 2024, the acquirer and PACs (Persons Acting in Concert) acquired further shares of the company, resulting in their shareholdin

GMR Airports stock price rises after July passenger traffic jumps 8% YoY

The increase in stock price follows GMR Airports' release of its passenger traffic data for July 2024.

GMR Airports Infra shares slip on weak Q1; Net loss widens to Rs 141 cr

GMR Airports Infrastructure shares have multiplied investors' wealth in the last two years, with a sprint of 168.70 per cent during the period, as per BSE analytics

Ajit Mishra from Religare Broking suggests buying these three stocks today

Market reactions to the US Fed meeting outcome will be evident in early trades on Thursday. Indications suggest that the current market tone will persist.

RVNL, Angel One, Dixon, ITC, SBI: Strategies for Budget 2024 stocks

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This Chris Wood-owned airport scrip hit a new high today. Guess the stock!

Christopher Wood, global head of equity strategy at Jefferies added GMR Airports in his kitty earlier this month by trimming stakes in two private sector lenders

Delhi Airport introduces self-baggage drop facility: Here's how it works

The quick drop facility eliminates the need for a boarding pass or any biometric verification, reducing processing time from one minute to just 30 seconds