Hot Deals:
adtech 35.50 (1.43 %) agarwal bolts 1,200.00 (0.00 %) amol minechem 601.00 (0.17 %) anand i-power 20.00 anglo french drugs 745.00 (-0.67 %) apl metals 40.10 (0.25 %) arkfin investments 50.00 arohan 130.00 (4.00 %) assam carbon 200.00 (2.56 %) atlas copco 10,000.00 (1.01 %) auckland international 129.00 (-0.77 %) av thomas 16,800.00 (0.30 %) axles 220.00 (-4.35 %) balmer lawrie 199.00 (1.02 %) bharat hotels 215.00 (2.38 %) bima mandi 700.00 bira 600.00 (-1.64 %) boat 930.00 (3.33 %) c & s electric 550.00 (0.92 %) cable corporation 13.10 (0.77 %) capgemini 11,200.00 (-0.88 %) care health 173.00 (0.58 %) carrier aircon 300.00 (3.45 %) cial 195.00 (1.04 %) csfbl 380.00 (0.26 %) csk 170.00 (0.59 %) dalmia refract 140.00 (-3.45 %) dfm foods 467.00 dsp merrill lynch 1,000.00 east india pharma 39.00 (-2.50 %) eaton fluid 425.00 (2.66 %) electronica plastic 4,100.00 (-0.24 %) elgi ultra 400.00 elofic 2,070.00 (-1.43 %) esl steel 25.00 (4.17 %) fincare business 49.00 (-2.00 %) fincare sfbl 171.00 (0.59 %) finopaytech 120.00 (-4.76 %) flipkart india 231,001.00 (0.00 %) frick india 8,000.00 (6.67 %) gkn driveline 1,200.00 (0.84 %) go digit general insurance ltd 354.00 (1.14 %) godavari bio 71.00 (1.43 %) hdb financial 640.00 (-1.54 %) hdfc ergo 370.00 (1.70 %) hdfc securities 9,700.00 (-1.02 %) hella india 810.00 (1.25 %) hero fincorp 1,170.00 (-0.85 %) hexaware 680.00 (3.03 %) hicks 1,450.00 (2.11 %) hira ferro 150.00 (0.67 %) honeywell electrical 3,650.00 (1.39 %) ikf finance 205.00 (-3.30 %) incred financial 100.00 incred holdings 81.00 (1.25 %) india carbon 870.00 (-3.33 %) india exposition 135.00 (-0.74 %) indian potash 1,300.00 (-0.38 %) indo alusys 25.75 (-0.96 %) indofil 620.00 (-1.59 %) infinite computer 405.00 (1.25 %) inkel 12.20 (1.67 %) ixigo 116.00 (5.45 %) jana small finance bank 75.00 kel 580.00 (0.87 %) kial 97.00 (1.04 %) klm axiva 15.00 (-1.64 %) kurlon limited 490.00 (4.26 %) lava 80.00 (-1.23 %) mahindra rural mrhfl 100.00 manipal housing 72.50 (0.69 %) manjushree technopack 1,000.00 (-0.99 %) martin & harris 963.00 (-0.72 %) merino 2,950.00 (-1.99 %) minosha 282.00 (0.71 %) mitsubishi heavy 207.00 (-0.48 %) mkcl 410.00 (1.23 %) mobikwik 375.00 (1.35 %) mohan meakin 1,600.00 (1.27 %) mohfl 13.00 (4.00 %) msei 1.05 (-1.87 %) msil 39.00 (-2.50 %) nayara energy 250.00 (2.04 %) nayara energy ncd 255.00 (-1.92 %) ncdex 275.00 ncl buildtek 210.00 (2.44 %) ncl holdings 70.00 (4.48 %) nsdl 700.00 nse 3,450.00 (0.58 %) orbis financial 175.00 (1.74 %) oswal minerals 60.10 (-1.48 %) otis 3,800.00 (-2.56 %) oyo 75.00 (1.35 %) panasonic appliances 190.00 (-2.56 %) panasonic avc 29.00 (-0.34 %) paymate india 445.00 (-1.11 %) pharmeasy 11.50 (4.55 %) pharmed limited 451.00 (0.22 %) philips domestic 550.00 (0.92 %) philips india 850.00 (-2.86 %) pnb metlife 70.00 proyuga adtech 25.00 purity flexpack 20.00 ramaraju surgical 310.00 (-4.62 %) rapido 16,650.00 (0.03 %) rasoi 31,500.00 (0.32 %) reliance gic 400.00 (-1.48 %) resins plastics 415.00 (-1.89 %) ring plus aqua 405.00 (0.25 %) rrl 1,190.00 (-0.83 %) sab miller 316.00 (-1.25 %) sbi amc 1,125.00 (2.27 %) sbi general insurance 575.00 (1.05 %) scottish assam 446.00 (0.68 %) shriram life 261.00 (0.38 %) sigachi laboratories 36.00 (-2.70 %) signify 1,450.00 (-3.33 %) smile microfinance 54.00 (3.85 %) sportskeeda 3,303.00 sterlite power 500.00 (-1.96 %) studds 790.00 (-1.25 %) svsml 330.00 (-0.90 %) swiggy 361.00 (0.28 %) t stanes 735.00 (0.68 %) tata capital 490.00 (3.16 %) teesta agro 77.00 (-6.21 %) trl krosaki 1,200.00 (1.69 %) utkarsh coreinvest 215.00 (2.38 %) vadilal dairy 10.00 vikram solar 350.00 (2.94 %) waree energies 950.00 (2.15 %) zylog 0.01 (-0.99 %)
×
Cochin airport is all set to have new shareholder — Tatas
Cochin International Airport Limited
Created at 02 Dec 2021 06:10

CIAL: The Cochin airport, India’s first airport built on a public-private partnership, will soon have a new stakeholder — the Tatas, the country’s biggest conglomerate.  This follows the Tata Sons’ acquisition of loss-making national airline Air India in October this year. Air India owns a 3.267% equity stake in Cochin International Airport Ltd (CIAL), which runs one of the most professional airports in the country.

The Cochin airport is also a strategic hub connecting India with West Asian countries. The Tata group’s acquisition of Air India is expected to be complete early next year. On October 9, Tata Sons signed an agreement to buy a 100% stake in Air India for Rs 18,000 crore.  The Kerala government, which holds nearly 32.42%, is the largest shareholder in CIAL. NRI billionaire Yusuffali M A has been acquiring shares in the airport quietly in recent years and is the second-largest shareholder with around 10%. Kochi-based Synthite Industries owns 6.53%. Central PSUs BPCL (3.43%), Housing and Urban Development Corporation (3.285%), and the State Bank of India (3.267%) are the other big investors. There are another 18,000 small investors in CIAL, whose combined ownership is less than 10%.

Air India had invested around Rs 45 crore in CIAL, according to the report. The disinvestment documents say the equity stake in CIAL would stay with the buyer. When contacted, the Kochi airport spokesman said: “There is nothing to say from our side. The decision is vested with Air India.” Tata Sons did not wish to comment on the matter. The Kochi airport has consistently been reporting healthy profits of around Rs 170-200 crore over the past six years, with the exception of 2020-21, which is attributed to the Covid outbreak and the subsequent closure of airports. On a turnover of Rs 252.71 crore, the airport registered a loss of Rs 87.21 crore in 2020-21. In 2019-20, the Kochi airport reported a net profit of Rs 215.13 crore on a turnover of Rs 655.05 crore.

Support Megha Support Neha