DIAL Sells 50% Stake in DASPL for Rs 128 Mn
AVIATION & AIRPORTS

DIAL Sells 50% Stake in DASPL for Rs 128 Mn

Delhi International Airport Limited (DIAL), the operator of Indira Gandhi International Airport (IGIA), has sold its entire 50 per cent stake in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd for approximately Rs 128 million.

According to a regulatory filing made on Saturday, the sale marks DIAL's complete exit from the joint venture. Bird Flight Services, which previously held a 25 per cent stake in DASPL, has now become the majority stakeholder.

DASPL had been granted the concession to manage bridge-mounted ground support equipment at Terminal 3 of IGIA. This includes operations of ground power units, pre-conditioned air units, and potable water supply systems for aircraft.

The filing also noted that DASPL is not currently engaged in any business operations. DIAL, a subsidiary of GMR Airports, remains the primary operator of IGIA.


"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Delhi International Airport Limited (DIAL), the operator of Indira Gandhi International Airport (IGIA), has sold its entire 50 per cent stake in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd for approximately Rs 128 million.According to a regulatory filing made on Saturday, the sale marks DIAL's complete exit from the joint venture. Bird Flight Services, which previously held a 25 per cent stake in DASPL, has now become the majority stakeholder.DASPL had been granted the concession to manage bridge-mounted ground support equipment at Terminal 3 of IGIA. This includes operations of ground power units, pre-conditioned air units, and potable water supply systems for aircraft.The filing also noted that DASPL is not currently engaged in any business operations. DIAL, a subsidiary of GMR Airports, remains the primary operator of IGIA.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement