MAHB sells 10% stake in Delhi Airport to GMR Airports

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MAR 25, 2015: Malaysia Airports Holdings Bhd’s (MAHB) unit, Malaysia Airports (Mauritius) Pte Ltd, is selling its 10 per cent equity interest in Delhi International Airport Pte Ltd (DIAL) to GMR Airports Ltd for RM292.6 million. In a filing to Bursa Malaysia, the airport operator said the proposed disposal was expected to be completed in the second quarter of this year. “It is a strategic opportunity to crystallise investment after realising the value of its investment in DIAL,” the company said, adding that the existing shareholders agreement restricted foreign ownership in DIAL to not more 49 percent.  
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