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| Exchange Received Time 07/07/2018 16:39:42 Exchange Disseminated Time 07/07/2018 16:39:48 Time Taken 00:00:06 | We are pleased to inform you that Navi Mumbai International Airport Private Limited (NMIAL), a Special Purpose Vehicle, which is a step down subsidiary of our Company, has achieved the 'Financial Closure' on 7th July, 2018 for construction of First Phase of Navi Mumbai Airport Project.
Yes Bank Limited to be the lead bank and mandate lead arranger for Phase I and Phase II of NMIAL Project. The Concession Agreement for this Project was signed earlier on 8th January, 2018 with City and Industrial Development Corporation of Maharashtra Limited (CIDCO), the nodal agency of the Government of Maharashtra for implementation of the Navi Mumbai International Airport Project.
Further, NMIAL announces 7th July, 2018 as the 'Appointed Date' in terms of the Concession Agreement signed with CIDCO.
A press release being issued in this regard is enclosed herewith for your information and record.
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