Kolkata: Within two months of West Bengal chief minister Mamata Banerjee visiting Singapore to seek investments, Singapore-based Changi Airports International has raised its stake in the upcoming airport city project at Durgapur to 32.2 per cent.
Changi Airport India, a wholly-owned subsidiary of Changi Airports International, had earlier picked up a 26 per cent stake in Bengal Aerotropolis Projects (BAPL), which is executing the airport city project at Andal near Durgapur in Barddhaman district in West Bengal.
“This was discussed during the chief minister’s Singapore visit in August. This certainly means reposing faith in the project as well as in the state. There is infusion of fresh capital. It was in the form of a rights issue to the tune of Rs 50 crore,” Partha Ghosh, promoter and managing director of BAPL, told Business Standard.
30/10/14 Business Standard
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Changi Airport India, a wholly-owned subsidiary of Changi Airports International, had earlier picked up a 26 per cent stake in Bengal Aerotropolis Projects (BAPL), which is executing the airport city project at Andal near Durgapur in Barddhaman district in West Bengal.
“This was discussed during the chief minister’s Singapore visit in August. This certainly means reposing faith in the project as well as in the state. There is infusion of fresh capital. It was in the form of a rights issue to the tune of Rs 50 crore,” Partha Ghosh, promoter and managing director of BAPL, told Business Standard.
30/10/14 Business Standard
