NIIF to invest Rs 675 crore in GMR’s Bhogapuram airport in Andra Pradesh: Daily Market Update Equity 22 Dec 2023

The National Investment and Infrastructure Fund Ltd will invest Rs 675 crore in the upcoming greenfield international airport being developed by GMR Airports Ltd in Andhra Pradesh’s Bhogapuram. The fund will invest in GMR Visakhapatnam International Airport Ltd, a special purpose vehicle that will develop and operate the Bhogapuram airport, GMR said in a statement on Thursday.