Changi Airports International Pte Ltd (CAI), a unit of the owner of Singapore’s main airport, has purchased a 26% stake in a new airport project in eastern India.
Changi Airports agreed to buy the stake in Bengal Aerotropolis Projects Ltd in September last year, West Bengal Industrial Development Corporation managing director Subrata Gupta said in a telephone interview on Tuesday. The airport project will cost about Rs10,000 crore, Gupta said. He declined to say how much Changi will pay for its stake.(Mint)