GMR Infrastructure, the infrastructure holding company of GMR group, has announced that Delhi International Airport (P) (DIAL) a subsidiary of GMR Infrastructure on Feb. 20, 2015 has entered into a definitive agreement to sell its entire stake of 26% of the equity capital of Delhi Cargo Service Centre which operates cargo operations at Delhi Airport.

DIAL has agreed to sell its entire holding of 1,09,20,000 equity shares of face value of Rs 10 each, to India Infrastructure Fund -II (investment manager-IDFC Alternatives), for Rs. 26.20 a share aggregating a total consideration of Rs 286 million. The consummation of share sale is subject to fulfilment of certain conditions precedent.

Shares of the company gained Rs 0.15, or 0.81%, to trade at Rs 18.65. The total volume of shares traded was 803,476 at the BSE (11.37 a.m., Monday).