NIIF to invest in the equity capital of three airport projects

GMR Airports Limited and the National Investment and Infrastructure Fund have announced a financial partnership to invest in the equity capital of three airport projects. These include the greenfield international airports at Mopa, in Goa, and Bhogapuram, in Andhra Pradesh. The primary investment of Rs 6.31 billion will be in the form of compulsory convertible debentures in GMR Goa International Airport Limited.