Business News›News›Economy›Infrastructure›NIIF-ADIA-PSP combine give nod to GVK to start talks with Adani, others to land into MIAL
NIIF-ADIA-PSP combine give nod to GVK to start talks with Adani, others to land into MIAL
Synopsis
The investor consortium of India’s sovereign wealth fund, NIIF, Abu Dhabi Investment Authority and Canada’s Public Sector Pension Investment (PSP) have agreed to a 'carve out' to the promoters of GVK, the Reddy family, allowing them to initiate parallel discussions with third parties, including Adanis, for Mumbai International Airport Limited.
The investor consortium of India’s sovereign wealth fund, NIIF, Abu Dhabi Investment Authority (ADIA) and Canada’s Public Sector Pension Investment (PSP) have agreed to a 'carve out' to the promoters of GVK, the Reddy family, allowing them to initiate parallel discussions with third parties, including Adanis, for Mumbai International Airport Limited (MIAL). The carve-out is needed as they have 'deal exclusivity' till January 31 2021. Without
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