New Delhi: The government has decided to sell its remaining stake under the Airport Authority of India (AAI) in already privatised Delhi, Mumbai, Bengaluru and Hyderabad airports as part of its ambitious Rs 2.5 lakh crore asset monetisation pipeline identified to raise additional resources, sources said. This comes after the first round of privatisation in which the Adani Group bagged contracts for six airports — Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati — last year.Also Read - Delhi Rains: Flights Delayed For Second Day at IGI Airport, Airlines Issue Passenger Advisory | Tweets Inside

Sale of AAI’s remaining stake in the four airports, was identified along with 13 other airports have been identified for privatisation in 2021-22 fiscal, two people aware of deliberations at Empowered Committee of Secretaries last month said. Also Read - Over 100 Leaders of Global & Indian MNCs Gather to Deliberate ‘The Rise of NextGen Business Services Centres’

The Ministry of Civil Aviation will obtain requisite approvals for divestment of equity stake of AAI in the respective joint ventures running Delhi, Mumbai, Bengaluru and Hyderabad airports. The issue is likely to go to the Cabinet for approval in the next few days. Also Read - Monkeypox Scare in India: Mumbai Civic Body Readies Isolation Ward in Hospital, Issues Advisory

For the 13 AAI airports identified for privatisation, the possibility of clubbing of profitable and non-profitable airports will be explored to make more attractive packages, sources told PTI.

The AAI, which works under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country.

While in Mumbai International Airport, Adani Group holds 74 per cent stake, the remaining 26 per cent stake is with AAI. In Delhi International Airport, GMR Group holds 54 per cent, Airports Authority of India holds 26 per cent, while Fraport AG and Eraman Malaysia holds 10 per cent stake each.

In Andhra Pradesh, the AAI and state government holds 26 per cent in Hyderabad International Airport Ltd and similar is the case in Bangalore International Airport.

Finance Minister Nirmala Sitharaman in the 2021-22 Budget speech had said that monetising operating public infrastructure assets is a very important financing option for new infrastructure construction.

A “National Monetisation Pipeline” of potential brownfield infrastructure assets will be launched and an asset monetisation dashboard will also be created for tracking the progress and to provide visibility to investors, she had said.

Prime Minister Narendra Modi had last month said the government is targeting monetising 100 assets such as oil and gas pipelines, which can draw a massive Rs 2.5 lakh crore of investment.

The government is targeting Rs 1.75 lakh crore from divestment proceeds in the next fiscal year beginning April 1.