Fairfax Financial Holdings Ltd, the Indian arm of a Canadian investment firm, is planning an IPO for Bangalore International Airport Ltd . The IPO may be valued at 30 to 40 billion rupees, according to the analysis .
According to a Bloomberg News article, Fairfax Financial Holdings Ltd, the Indian arm of a Canadian investment firm, is planning an IPO (Initial Public Offering) for Bangalore International Airport Ltd (BIAL), which could be valued at $3.7 billion, according to a Bloomberg News article, citing people familiar with the case.The IPO may be valued at 30 to 40 billion rupees, according to the analysis.According to one of them, the IPO would include approximately 75% of primary shares and the rest in existing shares, as reported by News Corp., which was owned by Canadian billionaire Prem Watsa in October.Fairfax also stated that it was not exiting Bengaluru airport and had no intention of selling its stake.
According to the website,Siemens Projects Ventures, which is part of BIAL, owns a 20 per cent interest, while the remaining is jointly held by the airport, which serves 61 domestic and 14 international destinations.