{"id":298173,"date":"2019-10-28T11:38:16","date_gmt":"2019-10-28T06:08:16","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=298173"},"modified":"2019-10-28T11:39:27","modified_gmt":"2019-10-28T06:09:27","slug":"gvk-group-to-raise-rs-7614-cr-to-retire-debt-bidvest-acsa-stakes-in-mumbai-airport","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gvk-group-to-raise-rs-7614-cr-to-retire-debt-bidvest-acsa-stakes-in-mumbai-airport\/","title":{"rendered":"GVK Group to raise Rs 7,614 cr to retire debt, Bidvest, ACSA stakes in Mumbai Airport"},"content":{"rendered":"<p>GVK Group companies have entered into definitive agreements with subsidiaries of the Abu Dhabi Investment Authority, Canada\u2019s Public Sector Pension Investment Board and National Investment and Infrastructure Fund to raise Rs 7,614 crore investments into GVK Airport Holdings Limited. GVKAHL is the holding company of Mumbai International Airport Limited (MIAL) and engaged in the business of developing, operating and managing the Chhatrapati Shivaji Maharaj International Airport, Mumbai and development of Navi Mumbai InternationalAirport.<\/p>\n<p>A GVK press release said proceeds from the transaction would be used to primarily retire debt obligations of its holding companies significantly and fund the purchase of additional shares in MIAL by GVKAHL, from Bidvest and ACSA in accordance with the Right of First Offer already exercised by GVKAHL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GVK Group companies have entered into definitive agreements with subsidiaries of the Abu Dhabi Investment Authority, Canada\u2019s Public Sector Pension Investment Board and National Investment and Infrastructure Fund to raise Rs 7,614 crore investments into GVK Airport Holdings Limited. GVKAHL is the holding company of Mumbai International Airport Limited (MIAL) and engaged in the business of developing, operating and managing the Chhatrapati Shivaji Maharaj International Airport, Mumbai and development of Navi Mumbai InternationalAirport. A GVK press release said proceeds from the transaction would be used to primarily retire debt obligations of its holding companies significantly and fund the purchase of [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-298173","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=298173"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298173\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=298173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=298173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=298173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}