PSP Investments ties up with ADIA-NIIF to invest in GVK Airport Holdings Ltd

Canada’s Public Sector Pension Investment Board (PSP Investments) is joining forces with the Abu Dhabi Investment Authority-National Investment and Infrastructure Fund consortium to buy 49% of GVK Airport Holdings Ltd for about Rs 6,000 crore, people directly involved in the deal said.

The deal will ringfence the business from Gautam Adani’s possible bid to take over GVK’s crown jewel, Mumbai International Airport Ltd (MIAL), and pare the group’s leverage.