GMR Airports Infra To Buy Stake In WAISL For Rs 57 Crore
Established in 2009, Waisl specialises in delivering digital infrastructure at airports and serves as the sole partner for IT services at airports
GMR Airports Infrastructure declared on Tuesday its acquisition of an 8.4 per cent stake in Waisl, a provider of digital infrastructure services at airports, in a move to bolster its presence in airport-related ventures. The company inked an agreement to purchase 4,60,000 shares, equivalent to an 8.4 per cent stake in Waisl, from Utthishta Virat Fund for Rs 56.66 crore, as disclosed in a regulatory filing on Tuesday.
Established in 2009, Waisl specialises in delivering digital infrastructure at airports and serves as the sole partner for IT services at airports.
In its filing, GMR Airports Infrastructure mentioned its ongoing exploration of investment prospects in entities involved in airport adjacencies, airport-related businesses, etc., with the aim of fortifying its presence across all dimensions of airport-related and adjacent businesses.
GMR Airports Infrastructure operates under GMR Airports (GAL), managing several airports, including those in Delhi, Hyderabad, Goa and the Philippines.
The company's shares saw a decline of 2.75 per cent to Rs 85.19 each in late afternoon trading on the BSE.
