DIAL to exit cargo service operations at Delhi

Delhi International Airport (DIAL), asubsidiary of GMR Infrastructure (GMR),has signed a definitive agreement to sell its26 per cent stake in Delhi Cargo ServiceCentre to IDFC Alternatives.


DIAL to exit cargo service operations at Delhi


Delhi International Airport (DIAL), asubsidiary of GMR Infrastructure (GMR),has signed a definitive agreement to sell its26 per cent stake in Delhi Cargo ServiceCentre to IDFC Alternatives. Delhi CargoService Centre is a 74:26 joint venturebetween Cargo Service Center India PvtLtd and DIAL. Cargo Service Center,which is owned by former owners of BlueDart, has management and operationalcontrol of the JV. GMR Infrastructureis a Bangalore headquartered globalinfrastructure major with interests inAirports, Energy, Highways and UrbanInfrastructure sectors.