Macquarie SBI Infrastructure Investments invests USD200m in Delhi and Hyderabad operator
The investment was made through compulsorily convertible preference shares. The Foreign Investment Promotion Board (FIPB) on 11-Feb-2011 had approved GMR's proposal to raise funds from SBI-Macquarie and other funds. The company plans to use funds for acquisitions and new projects and not for its existing portfolio.
Selected Airports daily share price movements (% change): 1-Apr-2011