Net Loss of GMR Airports Infrastructure reported to Rs 280.40 crore in the quarter ended September 2024 as against net loss of Rs 91.03 crore during the previous quarter ended September 2023. Sales rose 20.93% to Rs 2495.46 crore in the quarter ended September 2024 as against Rs 2063.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2495.462063.50 21 OPM %34.4335.19 - PBDT-20.52268.87 PL PBT-494.75-104.13 -375 NP-280.40-91.03 -208 Powered by Capital Market - Live News

GMR Airports Infrastructure will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live News

GMR Airports Infrastructure (formerly GMR Infrastructure) (GIL) has entered into a Share Purchase Agreement (SPA) with Fraport AG Frankfurt Airport Services Worldwide (Fraport), towards acquisition by GIL from Fraport, of their current minority 10% equity stake in Delhi International Airport (DIAL), a subsidiary of the Company. The said acquisition would be for a negotiated aggregate consideration of USD 126 million.GIL currently holds 64% of the paid-up capital of DIAL and post the proposed acquisition, its stake in DIAL would increase to 74%. Airports Authority of India (AAI) continues to holds 26% equity stake of DIAL. Post consummation of the Transaction, Fraport`s appointment as the Airport Operator of DIAL shall continue to be governed by the Airport Operator Agreement and/or any other agreement(s) executed in relation to its role as the Airport Operator.The transaction, subject to the AAI`s approval and approval of GIL Shareholders, along with customary closing conditions, is expected to be concluded within 180 days from the date of execution of the said SPA.Powered by Capital Market - Live News

GMR Airports Infrastructure announced that the 28th Annual General Meeting (AGM) of the company will be held on 16 September 2024.Powered by Capital Market - Live News

The Board of GMR Airports Infrastructure at its meeting held on 13 August 2024 has approved alteration in the Objects Clause of the Memorandum of Association. Post the effectiveness of the Merger of GMR Airports (GAL) and GMR Infra Developers (GIDL) with the Company, effective from 25 July 2024, the business of GAL and GIDL has shifted to the Company and is being continued by the Company. To ensure that the Objects enumerated in the Objects clause of MOA of GAL and/or GIDL, are duly incorporated into the Objects clause of the MOA of the Company, it is proposed to suitably alter the Objects clause of the Company.Further, to re-align the MOA of the Company pursuant to the Table A of Schedule I of the Companies Act, 2013, it is proposed to adopt the new format of the MOA.The above alterations are subject to the approval of the shareholders of the Company in the ensuing general meeting.Powered by Capital Market - Live News