Fair trade regulator CCI has dismissed allegations of anti-competitive practices against GMR Airports and Delhi Airport with respect to the awarding of certain contracts. The Indira Gandhi International Airport (IGIA) in the national capital is operated by the GMR Group-led consortium Delhi International Airport Ltd (DIAL). It was alleged by an NGO that GMR Airports was engaged in monopolistic practices and charging excessive fees for contracts related to parking and lounge services at the IGIA. After reviewing submissions from the involved parties, the Competition Commission of India (CCI) said the contracts for parking and lounge services were awarded through a competitive bidding process, as mandated under the Operation, Management, and Development Agreement (OMDA). The complaint was also against the Airports Authority of India (AAI), Ministry of Civil Aviation and Fraport AG Frankfurt Airport Services Worldwide. "... the Commission, in relation to the allegation under Section

GMR Airports Ltd. has gained 15.32% in the last 1 Month

GMR Airports Ltd.

19 Mar 2025

85.72

-0.15%

New VietJet flight service to Ho Chi Minh, Vietnam from GMR Hyd Intl airport

Business Line

The new service, with a flight time of about 4 hours and 35 minutes,will operate twice a week on Tuesday and Saturday

Promoters pledged 2.37% of shares in last quarter. Total pledge stands at 29.46% of promoter holdings

GMR Airports Ltd.

18 Mar 2025

85.72

-0.15%

Delhi Capitals IPL 2025 Team, Captain, Full Schedule, List Of Retained Players And More

NDTV Profit

For IPL 2025, DC have a revamped coaching setup with GMR taking management control for 2025 and 2026 season as per their understanding with co-owners JSW.

Number of FII/FPI investors decreased from 590 to 574 in Dec 2024 qtr

GMR Airports Ltd.

07 Mar 2025

85.72

-0.15%

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

Business Standard

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 Ltd. has gained 15.32% in the last 1 Month

GMR Airports Ltd.

25 Feb 2025

85.72

-0.15%

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

Business Standard

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.