Fairfax India Holdings Ltd. is thinking about valuing Bangalore International Airport Ltd. (BIAL) at over ₹30,000 crores through an IPO.
Story so far: Fairfax Financial Holdings Ltd.’s Indian unit is collaborating with an advisor on a potential IPO that might happen as early as next year. The primary share in the company that owns Bengaluru’s International Airport is held by Fairfax India.
- About 7% of the IPO could be primary shares, with the remainder being existing shares.
- There are still questions to be answered, the listing’s specifics could alter, and Fairfax could decide not to proceed with the share sale.
About Fairfax: After purchasing its initial stake in BIAL in 2017, Fairfax India increased their shareholding to reach its current 54% ownership. Governments and Siemens Project Ventures are among its minor investors.