GMR Visakhapatnam International Airport Limited (GVIAL) has received an investment of approximately ₹675 crore from the National Investment and Infrastructure Fund (NIIF).

Shardul Amarchand Mangaldas & Co advised GMR Airports Limited and GVIAL on this investment deal.

The transaction team consisted of Jatin Aneja (Partner and National Practice Head, Projects and Infrastructure), Kushal Sinha (Partner), Dhrupad Pant (Partner) and Riya Jain (Associate).

V R Neelakantan (Partner) provided concession-related advice.

Talwar Thakore & Associates advised NIIF on this investment deal.

GVIAL is an airport concession entity engaged in the business of development, operation and maintenance of a greenfield international airport at Bhogapuram, Vizianagaram on a design, build, finance, operate and transfer (DBFOT) basis.

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