Aviation minister explained that ministry is working on stake sale in Mumbai, Delhi, Hyderabad, Bengaluru airports.
The government is active in order to sell its stake in the airports of Delhi, Mumbai, Hyderabad and Bengaluru. The Civil Aviation Minister Hardeep Singh Puri made a briefing.
International Airports and their shares
"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 collected.
- Preparations for DIAL, MIAL and Hyderabad is already into consideration.
- And, their proposal is at an active stage of recognition. The government explained.
Airports Authority of India (AAI)
At present, the Airports Authority of India holds 26% share of Equity capital in Delhi and Mumbai International airport.
The Consortium that is being led by GMR has signed the Operations, Management and Development Agreement (OMDA) for Delhi airport on April 4, 2006 with the AAI.
The elementary term of the concession period is 30 years extendable by another 30 years.
With the count of February 2021, the Adani Group owns 74% stake in Mumbai airport and 26% is under AAI.
The data sources
Rajiv Gandhi International airport
Rajiv Gandhi International airport of Hyderabad is owned and operated by GMR Hyderabad International Airport Ltd (GHIAL).
It is a public–private venture. The stakeholders include-
- Airports Authority of India (13%)
- Government of Telangana (13%)
- A private consortium between GMR Group (63%)
- Malaysia Airports Holdings Berhad (11%)
Bengaluru airport
Bengaluru airport right now is a public-private venture.
The stakeholders include-
- Karnataka State Industrial Investment and Development Corporation (13%)
- Airports Authority of India (13%)
- 74% is held by private companies
- Fairfax Financial (54%)
- Siemens Project Ventures (20%).
Government’s new plan
A new plan to sell the government’s stake in private-public partnership airports is set. It is made a part of the government’s asset monetisation programme.
Maximum stakeholders of these four airports are expected to get their chance to exercise the right of first refusal and buy out the AAI’s stake. However, in the case primarily, if this right is not exercised within a stipulated time period. AAI then is likely to invite bids for its stake.
So, currently, the government is getting very much ready to prepare a draft Cabinet note.
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