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GMR buys out Fraport's 10% in Delhi Airport for Rs 1,058 crore

By Economic Times - 3 months ago
GMR Fraports Stake Buy Deal: GMR Airports has acquired Fraport's 10% stake in Delhi airport for $126 million, increasing its share to 74%. The move aligns with GMR's strategy to consolidate its core assets. Fraport had been seeking to sell its stake due to limited control and valuation differences.

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