Friday, June 04, 2021

Aviation minister says working on stake sale in Mumbai, Delhi, Hyderabad, Bengaluru airports

The government is working actively to sell its stake in the airports of Delhi, Mumbai, Hyderabad and Bengaluru, Union Aviation Minister Hardeep Singh Puri told CNBC-TV18 today.

"Offloading of government shareholding in DIAL, MIAL and Bengaluru, Hyderabad will be taken up by the government soon. Presently, the proposal on Bengaluru is at an advanced stage," Puri said.

"Preparations for DIAL, MIAL and Hyderabad us also being considered. The proposal is at an active stage of consideration," Puri added.

Currently, the government body Airports Authority of India has 26 percent share of Equity capital in Delhi and Mumbai airport.

The GMR-led Consortium signed the Operations, Management and Development Agreement (OMDA) for Delhi airport on April 4, 2006 with the AAI. The initial term of the concession period is 30 years extendable by another 30 years.

As of February 2021, the Adani Group owns 74 percent stake in Mumbai airport with 26 percent under AAI.

Rajiv Gandhi International airport of Hyderabad is owned and operated by GMR Hyderabad International Airport Ltd (GHIAL), a public–private venture. Its stakeholders include the Airports Authority of India (13%) and the Government of Telangana (13%), as well as a private consortium between GMR Group (63%) and Malaysia Airports Holdings Berhad (11%).

Bengaluru airport currently is a public-private venture with stakeholders including Karnataka State Industrial Investment and Development Corporation (13%), Airports Authority of India (13%), and 74% is held by private companies Fairfax Financial (54%) and Siemens Project Ventures (20%).

03/04/21 Shereen Bhan/CNBC TV18

To Read the News in full at Source, Click the Headline


Post a Comment