{"id":623750,"date":"2023-12-22T09:22:30","date_gmt":"2023-12-22T03:52:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=623750"},"modified":"2023-12-22T09:59:21","modified_gmt":"2023-12-22T04:29:21","slug":"niif-to-invest-rs-675-crore-in-gmrs-bhogapuram-airport-in-andhra-pradesh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/niif-to-invest-rs-675-crore-in-gmrs-bhogapuram-airport-in-andhra-pradesh\/","title":{"rendered":"NIIF to invest Rs 675 crore in GMR&#8217;s Bhogapuram airport in Andhra Pradesh"},"content":{"rendered":"<p>The National Investment and Infrastructure Fund (NIIF) will invest Rs 675 crore in GMR Visakhapatnam International Airport Limited (GVIAL), a special purpose vehicle to develop and operate the Bhogapuram International Airport (BIA) in Andhra Pradesh. <\/p>\n<p>The deal involves NIIF, a large investment platform anchored by the Government of India, making a primary investment in the form of Compulsorily Convertible Debentures (CCDs) which will be issued by GVIAL. <\/p>\n<p>This is part of the financial partnership announced in December 2022 in which NIIF would invest in the equity capital of three airport projects of the GMR group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Investment and Infrastructure Fund (NIIF) will invest Rs 675 crore in GMR Visakhapatnam International Airport Limited (GVIAL), a special purpose vehicle to develop and operate the Bhogapuram International Airport (BIA) in Andhra Pradesh. The deal involves NIIF, a large investment platform anchored by the Government of India, making a primary investment in the form of Compulsorily Convertible Debentures (CCDs) which will be issued by GVIAL. This is part of the financial partnership announced in December 2022 in which NIIF would invest in the equity capital of three airport projects of the GMR group.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-623750","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623750","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=623750"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623750\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=623750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=623750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=623750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}