Wednesday, March 25, 2015

DIAL's Malaysian partner to sell entire 10 per cent stake for $79 million

Kuala Lumpur/New Delhi: Malaysia Airports Holdings today announced sale of its entire 10 per cent stake in Delhi International Airport for Rs 492 crore, saying a minority share did not give it any "influence" in the venture.

The Malaysian entity, which made its first investment in Delhi International Airport (DIAL) in 2006, would be reaping a profit of nearly USD 22 million from the proposed sale.

In a filing to the Malaysian stock exchange, MAHB said it would sell 245 million equity shares for a "total cash consideration of USD 79 million" to GMR Airports.
24/03/15 PTI/Economic Times
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