GMR Infrastructure said on Thursday Macquarie SBI Infrastructure Investments has invested Rs 8.93 billion, or USD 200 million, in its unit GMR Airports Holding, which runs the Delhi and Hyderabad airports.
The investment was made through compulsorily convertible preference shares, the firm said in a statement to the Bombay Stock Exchange, without divulging details.
The Foreign Investment Promotion Board (FIPB) on February 11, had approved GMR's proposal to raise money from SBI-Macquarie and other funds, the Economic Times newspaper reported earlier this month, quoting an unnamed FIPB official.
The company plans to use funds for acquisitions and new projects and not for its existing portfolio, the report said.
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