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GMR Infrastructure Ltd has informed the BSE that Delhi International Airport (P) Ltd (DIAL), its subsidiary, has entered into an agreement to sell its entire 26 per cent stake of the equity capital of Delhi Cargo Service Centre Pvt Ltd, which operates cargo operations at Delhi Airport.
DIAL has agreed to sell its entire holding of 1,09,20,000 equity shares of face value of Rs 10 each to India Infrastructure Fund-II (investment manager - IDFC Alternatives Ltd) for Rs 26.20 per share aggregating a total consideration of Rs 28.60 crore. The consummation of share sale is subject to fulfilment of certain conditions precedent.
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