Tatas opt out of race for privatisation of Chennai airport.

Tata Realty and Infrastructure Ltd. (TRIL)'s plan to participate in the airport privatisation projects in the country has hit a roadblock.

The company has decided to opt out of the race for Chennai airport privatisation programme, as the bidding norms do not allow airlines or its group entities to own more than 10 per cent in the special purpose vehicle selected to manage the airports.

BS