Airports Authority of India on Rs 800 cr cash quest

With its plea for Rs 5,000 crore worth tax-free bonds falling on deaf ears, Airports Authority of India (AAI) is looking at alternate ways to fund its airport upgradation plans. It is expected to raise approximately Rs 800 crore this year to funds its various airports expansion plans.
It is being learnt that AAI is in talks with banks to raise Rs 400-500 crore short-term loans at sub-6% interest rate.
24/06/10 CNBC-TV18/Swati Khandelwal Jain/Moneycontrol.com

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Categories: Airports Jun 2010