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“…this is to inform you that the company has entered into a Share Purchase Agreement to acquire up to 5,00,000 (Five Lakh only) equity shares and up to 1,90,00,000 (One Crore Ninety Lakh only) Non-Cumulative Compulsorily Convertible Preference Shares of BDGASPL (representing up to 50% of the paid-up share capital of BDGASPL) from existing shareholders of BDGASPL, for a total consideration of approx. ₹15.02 Crore (Transaction) in one or more tranches,” according to a stock exchange filing.
The acquisition will be executed in one or more tranches for a total consideration of approximately ₹15.02 crore. BDGASPL, incorporated on August 17, 2005, under the Companies Act, 1956, specialises in the development and operation of the General Aviation Terminal, Maintenance Center, and associated facilities at Indira Gandhi International (IGI) Airport, New Delhi.
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Over the past three fiscal years, BDGASPL has demonstrated consistent revenue growth, with operational revenues of ₹64.51 crore in FY 2024, ₹54.2 crore in FY 2023, and ₹47.19 crore in FY 2022.
This acquisition will strengthen the company’s foothold in airport-related operations, complementing its existing portfolio. The transaction does not constitute a related party transaction, and the promoter group of GMR Airports has no involvement in the deal.
Shares of GMR Airports Ltd ended at ₹76.81, up by ₹0.17, or 0.22% on the BSE.
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