Bangalore airport may become an expensive airport

01 Nov 2013 Editorial Team

The Karanataka Government has refused the appeal of the Bangalore International Airport to increase the state麓s equity in the airport by Rs 150 crore. The state government has suggested BIAL to use the excess land given by it to raise money for expansion rather than seeking increased equity of the state. The BIAL shareholders have sought an additional amount of Rs 150 crore through equity participation from the Karnataka Government that has a 13 per cent share in BIAL.

Contact: The Karnataka Government
Website: www.karunadu.gov.in

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