COCHIN INTERNATIONAL
June 1st, 2002
BY SWINEETHA DIAS WICKRAMANAYAKAAN ADDITIONAL injection of IND Rupees 220 million, (US$4.5 million), is to be invested into Cochin International Airport Ltd, in Kerala, India, by five directors of the company, raising their stake to 26 per cent. The move is part of a plan by the company to expand its equity base to INDRupees 2,000 million, (US$40.8 million), from the current IND Rupees 900 million, (US$18.3 million), to liquidate high-cost loans that have been eating into its profits. The airport company owes IND Rupees 1,390 million, (US$28.4 million), to Hudco, ...
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