Signing of Definitive Agreement for sale of stake in Cargo JV by Delhi International Airport (P) Limited

• Security Code: 532754
• Company: GMRAIRPORT

GMR Infrastructure Ltd has informed BSE that Delhi International Airport (P) Limited (DIAL) a subsidiary of GMR Infrastructure
Limited on February 20, 2015 has entered into a definitive agreement to sell its entire stake of 26% of the equity capital of Delhi Cargo Service Centre Pvt. Limited 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 Limited), 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.