DIAL to exit cargo service operations at Delhi

Delhi International Airport (DIAL), a subsidiary of GMR Infrastructure (GMR), has signed a definitive agreement to sell its 26 per cent stake in Delhi Cargo Service Centre to IDFC Alternatives.


DIAL to exit cargo service operations at Delhi


Delhi International Airport (DIAL), a subsidiary of GMR Infrastructure (GMR), has signed a definitive agreement to sell its 26 per cent stake in Delhi Cargo Service Centre to IDFC Alternatives. Delhi Cargo Service Centre is a 74:26 joint venture between Cargo Service Center India Pvt Ltd and DIAL. Cargo Service Center, which is owned by former owners of Blue Dart, has management and operational control of the JV. GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors.