GMR Infrastructure Ltd has raised Rs. 2,000 crore ($300 million) by selling foreign currency convertible bonds (FCCBs) to Kuwait Investment Authority (KIA), a sovereign wealth fund..Cyril Amarchand Mangaldas acted as legal counsel to GMR Infrastructure Limited. The team was led by Mumbai-based capital markets Partner Gaurav Gupte and projects Partner Dhananjay Kumar..Krishnamurthy & Co was the other legal counsel to GMR Infrastructure Limited, whereas Clifford Chance acted as international legal counsel. The Krishnamurthy team was led by Partners Ajay Sawhney and Gautam Srinivas, along with Associate Partner Milind Jha; the Clifford Chance team was led by Partner Rahul Guptan..AZB & Partners acted for Kuwait Investment Authority and the team included Partners Gautam Saha, Madhurima Mukherjee and Amrita Patnaik and Senior Associates Pallavi Meena, Dushyant Bagga and Namita Das..Kuwaiti Authority has subscribed to a 60-year-long FCCB due 2075 to be issued by GMR Infrastructure..This is the first transaction under the new regime for long-term external commercial borrowings notified by the Reserve Bank of India. This is also the first private placement of FCCBs to a sovereign wealth fund..According to media reports, this is also the largest bilateral investment between India and the West Asian country in recent times.