GMR Airports Limited, India, and National Investment and Infrastructure Fund (NIIF) have come together to invest in the equity capital of three greenfield international airports in India namely Mopa, Goa, and Bhogapuram, Andhra Pradesh.  The transaction envisages NIIF making a primary investment of INR 6.31bn in the form of a Compulsory Convertible Debenture (CCD) in GMR Goa International Airport (GGIAL), a special purpose vehicle to run and operate the New Goa Airport. The transaction is subject to customary completion conditions & necessary approvals. This investment shall be NIIF’s first investment in an airport asset in the country and its first

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