Bengaluru International Airport Limited, or BIAL, has given a dividend of over Rs 16 crore to the Karnataka State Industrial and Infrastructure Development Corporation (Image for Representation)
Bengaluru: Kempegowda International airport operator Bangalore International Airport Limited (BIAL) on Monday handed over a dividend of over Rs 16 crore for FY 2025-26 to Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC), said the industries department in a statement.
KSIIDC holds a 13% equity stake in the company. Chief minister Siddaramaiah received the cheque from BIAL chairman Hari Marar.
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The BIAL is a public-private partnership project. Private investors led by Fairfax Holdings hold the majority stake of 74% in BIAL while 13% each is held by the KSSIDC and Airports Authority of India.
BIAL declared a dividend of Rs 3 per share. KSIIDC received a gross payout of over Rs 16 crore and a net dividend of nearly Rs 15 crore after taxes, the statement said.
It is the first dividend by BIAL since FY 2017-18. The company had reinvested profits into capacity expansion at Kempegowda International Airport Bengaluru in the intervening years, the statement said.
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The Airport Authority of India holds a 13% stake in BIAL. Mauritius-based investment vehicle FIH Mauritius Investments and subsidiary of Canadian investment firm Fairfax India, Anchorage Infrastructure Investments, hold 30.36% and 43.64% stakes respectively.
Industries minister MB Patil, state chief secretary Shalini Rajneesh and KSIIDC MD Khushbu Goel were present, the statement added.
KSIIDC holds a 13% equity stake in the company. Chief minister Siddaramaiah received the cheque from BIAL chairman Hari Marar.
Also Read: Fire scare on Bengaluru-Delhi Air India flight engine; investigation underway
The BIAL is a public-private partnership project. Private investors led by Fairfax Holdings hold the majority stake of 74% in BIAL while 13% each is held by the KSSIDC and Airports Authority of India.
BIAL declared a dividend of Rs 3 per share. KSIIDC received a gross payout of over Rs 16 crore and a net dividend of nearly Rs 15 crore after taxes, the statement said.
It is the first dividend by BIAL since FY 2017-18. The company had reinvested profits into capacity expansion at Kempegowda International Airport Bengaluru in the intervening years, the statement said.
Also Read: Air India plane suffers tail strike at Bengaluru airport
The Airport Authority of India holds a 13% stake in BIAL. Mauritius-based investment vehicle FIH Mauritius Investments and subsidiary of Canadian investment firm Fairfax India, Anchorage Infrastructure Investments, hold 30.36% and 43.64% stakes respectively.
Industries minister MB Patil, state chief secretary Shalini Rajneesh and KSIIDC MD Khushbu Goel were present, the statement added.
