3 January 2024 | New Delhi: Shardul Amarchand Mangaldas advised GMR Airports Limited and GMR Visakhapatnam International Airport Limited (“GVIAL”), in relation to the investment by National Investment and Infrastructure Fund (“NIIF”) in GVIAL. The deal was valued approximately at ₹675 crore and was signed on 21 December 2023.

GVIAL is an airport concession entity engaged in the business of development, operation and maintenance of a greenfield international airport at Bhogapuram, Vizianagaram on a design, build, finance, operate and transfer (DBFOT) basis.

The transaction team was led by Jatin Aneja, Partner and National Practice Head, Projects and Infrastructure; Kushal Sinha, Partner; Dhrupad Pant, Partner; and Riya Jain, Associate. Special thanks to V R Neelakantan, Partner for concession-related advice.

Talwar Thakore & Associates (TT&A) advised National Investment and Infrastructure Fund on the legal aspect.

About Shardul Amarchand Mangaldas & Co:

Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, technology law and projects & infrastructure.

The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 822 lawyers including 166 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.


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