Fairfax India to get addl 10% stake in Bengaluru airport operator BIAL

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The story "Fairfax India to get addl 10% stake in Bengaluru airport operator BIAL" was covered 2 weeks ago by Business Standard, a news publisher based in India.

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Fairfax India to get addl 10% stake in Bengaluru airport operator BIAL - Business Standard

Quick Summary:

Fairfax India Holdings will buy an additional 10 per cent stake in Bengaluru airport operator BIAL, hiking its overall shareholding to 74 per cent.

"The transaction is expected to close in Q1 2025, upon which the additional 10 per cent equity interest in BIAL will be acquired by Fairfax India for, in aggregate, USD 255.0 million.

Bangalore International Airport Ltd (BIAL) is a joint venture between Fairfax India, Airports Authority of India (AAI) and Karnataka State Industrial and Infrastructure Development Corporation Ltd.