The Finance Ministry has asked Airports Authority of India (AAI) to issue shares in lieu of the Rs 656 crore capital it has received from the Government, sources said.
AAI, a 100 per cent government-owned statutory corporation, was constituted by an Act of Parliament and came into being on April 1, 1995, by merging erstwhile National Airports Authority and International Airports Authority of India.
The AAI is yet to issue shares to the government in lieu of the equity infusion worth Rs 656.56 crore made over the years. The matter came to the notice of the ministry last year during discussions over share buy back by profit making public sector enterprises.
