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.
In Q2 FY24, GMR Airports Infrastructure reported its consolidated net loss reduced to Rs 190 crore. The company had reported a net loss of Rs 197 crore in the quarter ended September 30, 2022.
GMR Airports: Kotak Institutional Equities said the stock is factoring in aggressive assumptions on reinvestment of $1 billion of equity funding beyond internal accruals and a higher 3 times price-to-book value (P/BV) multiple.