New Delhi: The government today approved a proposal of the GMR Airports Holding to receive additional foreign direct investment (FDI) of $200 million.
The decision was taken in the Cabinet Committee on Economic Affairs meeting.
This will be in addition to the earlier approval to induct foreign investment of $200 million. The two proposals will result in FDI inflows of Rs 1,920 crore, an official release said.
The FDI will be received from Standard Chartered Private Equity III (Mauritius, NYLIM Jacob Ballas India Fund III, LLC, Mauritius and JM Financial - Old Lane India Corporate Opportunities Fund I Ltd, Mauritius.
11/05/11 Press Trust of India/Business Standard
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