GMR Airports Limited has acquired 3,04,15,621 equity shares, representing 49.90% of the issued and paid-up share capital of its subsidiary, Delhi Duty Free Services Private Limited (DDFS). This acquisition was made from Delhi International Airport Limited (DIAL), another subsidiary, for an aggregate purchase consideration of ₹183.22 Crore (approximately 18322.37 lakh). Following this transaction, GMR Airports Limited now holds a 66.93% stake in DDFS. DDFS, incorporated in July 2009, is primarily engaged in the development, operation, management, and maintenance of Duty-Free Operations at Indira Gandhi International Airport, New Delhi. The company reported revenues from operations of ₹2,177.32 Crore for FY 2025, ₹1,940.98 Crore for FY 2024, and ₹1,541.83 Crore for FY 2023. The acquisition was undertaken because GMR Airports Limited has been appointed as the new concessionaire for the Delhi Duty Free business and intends to explore duty-free business opportunities both within India and internationally. The transaction, being a related party transaction, was conducted on an arm's length basis and has received approval from the relevant authorities. No governmental or regulatory approvals were required for this acquisition.