GVK Power & Infrastructure announced that GVK Airport Developers (GVKADL) and GVK Airport Holdings (GVKAHL) subsidiaries of the company, have entered into definitive agreements with subsidiaries of the Abu Dhabi Investment Authority (ADIA), Public Sector Pension Investment Board (PSP Investments) and with National Investment & Infrastructure Fund (NIIF) — each an investor and collectively investors — whereby the investors will make an aggregate investment of Rs 7,614 crore ($107.66 million), into GVKAHL (transaction).
The proceeds from the investment will be used to retire debt obligations of its holding companies and fund the purchase of additional shares in MIAL (Mumbai International Airport Limited) from partners Bidvest and ACSA.
Post the investment, GVKADL will hold 20.9 percent in GVKAHL and the balance will
