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Govt to sell remaining stake in Delhi, Mumbai, Bengaluru and Hyderabad airports
16 March 2021
The government will offload its residual stake in privatised Delhi, Mumbai, Bengaluru and Hyderabad airports as part of its Rs2.5 lakh crore asset monetisation plan.
The Airport Authority of India (AAI) will sell its remaining stake in these four airports and has identified 13 more airports for privatisation in the 2021-22 fiscal, reports citing sources close close to the development said.
The Airports Authority of India (AAI) board has approved a proposal to sell its remaining stake in these four public-private partnership airports, the sources said citing deliberations at the Empowered Committee of Secretaries last month.
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Read more about Govt to sell remaining stake in Delhi, Mumbai, B lore, Hyderabad airports on Business Standard. MoCA will obtain requisite approvals for divestment of equity stake of AAI in the respective JVs running the airports, say sources
The civil aviation ministry will obtain requisite approvals for the divestment of equity stakes of AAI in the respective joint ventures running the facilities