GMR Airports Limited (GAL) has tightened its grip on India’s travel retail sector by acquiring a 49.90% equity stake in Delhi Duty Free Services Private Limited (DDFS). The stake was purchased from Delhi International Airport Limited (DIAL), another subsidiary of the company, for an aggregate consideration of approximately Rs 183 crore. Following this transaction, GMR Airports' total shareholding in DDFS has increased to 66.93%, up from its previous indirect holding. The company was recently appointed as the new concessionaire for the Delhi Duty Free business and officially took over operations at Indira Gandhi International (IGI) Airport on July 28, 2025. To spearhead this new phase, GMR Group recently appointed Chiragh Oberoi as the Chief Executive Officer of Delhi Duty Free.

Source: Indian Express December 21, 2025 19:16 UTC