While in Mumbai International Airport, Adani Group holds 74 per cent stake, the remaining 26 per cent stake is with AAI. In Delhi International Airport, GMR Group holds 54 per cent, Airports Authority of India holds 26 per cent, while Fraport AG and Eraman Malaysia holds 10 per cent stake each.
Which airports are Privatised in India?
The government plans to sell its residual stake in already privatised Delhi, Mumbai, Bengaluru and Hyderabad airports as part of the ambitious Rs 2.5 lakh crore asset monetisation pipeline identified to raise additional resources, according to sources.
Will banks be Privatised?
In the Union Budget 2021, finance minister Nirmala Sitharaman announced privatising of two public sector banks (PSBs) and one general insurance company in 2021-22. … The report further added that Bank of India could be a potential candidate for privatisation too, according to a report by Times of India.
Did Modi sell airports?
In the first round of airports’ privatisation under the Narendra Modi government, the Adani Group bagged contracts for six airports – Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati – last year. …
Is privatisation good for India?
Privatization is beneficial for the growth and sustainability of the state-owned enterprises. … Privatisation always helps in keeping the consumer needs uppermost, it helps the governments pay their debts, it helps in increasing long-term jobs and promotes competitive efficiency and open market economy.