GMR Airports Infrastructure said the investment is part of the financial partnership announced on December 2022 between the two parties, in relation to investment by NIIF in the equity capital of three airport projects of GMR Airports.
The shares were bought at Rs 59.09 apiece, a 4% discount to the previous closing price of the stock. Besides GMR Airports in the transport infrastructure space, GQG Partners also has investments in various companies of ADani Group, including Adani Enterprises, which operates the Mumbai international airport.