Mumbai, Dec 13 (PTI) Debt-focused asset management firm Vivriti Asset Management on Tuesday said it has invested Rs 60 crore in the new international airport in Goa, whose first phase was unveiled by Prime Minister Narendra Modi last Sunday.
Earlier this month, National Investment and Infrastructure Fund Ltd (NIIFL) announced it will infuse Rs 631 crore in the new airport at Mopa in Goa besides investing in two more airports as part of a financial collaboration with the GMR Group.
"Vivriti Asset Management has recently invested Rs 60 crore in GMR's Goa airport," the company said in a statement.
The proceeds were used to fund the last mile capital expenditure for the airport, the company said.
Vivriti claimed this funding as the first investment by a performing credit fund in a significant airport venture.
"It (Rs 60 crore investments) fits well with our philosophy of investing in firms with strong fundamentals and proven business models through structures that are close to operating cashflows," said Mohamed Irfan, Fund Manager of Vivriti Asset Management.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)













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