BAPL

Changi buys 26% stake in West Bengal firm

Changi buys 26% stake in West Bengal firmSingapore-based investor and manager of airports, Changi Airports International Pte Ltd (CAI) is looking to have partnership with Indian companies to invest in forthcoming airports and developing old ones.

CAI announced its decision to buy 26% stake in Bengal Aerotropolis Projects Ltd (BAPL) for Rs 97.5 crore on Thursday.

BAPL has suggested establishing a township merged with an airport at Andal in Burdwan district.