GMR Airports Infrastructure Limited (GIL) has acquired a 10% stake of Delhi International Airport Limited (DIAL) from Fraport AG Frankfurt Airport Services Worldwide for approximately $126 million (approximately ₹10.58 billion).

Shardul Amarchand Mangaldas & Co advised GMR Airports on this stake acquisition.

The transaction team was led by Jatin Aneja (National Practice Head - Infrastructure, Energy and Project Finance) and was ably assisted by Prashant Sirohi (Partner), Aditya Mitra (Senior Associate) and Madhvi Vangani (Associate).

JSA advised and assisted Fraport AG Frankfurt Airport Services Worldwide on the transaction.

The transaction team consisted of Shivpriya Nanda (Lead Partner), Zain Pandit (Partner) and Twisha Shrivastava (Senior Associate).

GMR Airports has been a long standing client of Shardul Amarchand. Earlier this year, Jatin Aneja and team advised GMR Airports in Vishakapatnam airport deal.

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