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GMR Infrastructure has completed the international competitive bidding process for the selection of developer for Integrated Retail Development at the Delhi International Airport Limited. This is in addition to 5.67 lakh sq.m already developed as Hospitality District at Delhi Aerocity. The transaction involves upfront payments of ₹315 crore and license fee equivalent to 20 per cent of revenue with minimum guaranteed payments. The effectiveness of the transaction is subject to certain conditions precedents and necessary approvals, GMR informed BSE.
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