Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Business»Fairfax Weighing Bangalore Airport IPO at $3.7 Billion Value, Sources Say
Business

Fairfax Weighing Bangalore Airport IPO at $3.7 Billion Value, Sources Say

November 19, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Bloomberg | | Posted by Yamini C S

Fairfax India Holdings Ltd. is contemplating an preliminary public providing for Bangalore Worldwide Airport Ltd. that would worth the asset at about 300 billion rupees ($3.7 billion), in keeping with folks accustomed to the matter.

The Indian arm of Canadian funding group Fairfax Monetary Holdings Ltd. is working with an adviser on the potential itemizing that would happen as quickly as subsequent 12 months, the folks mentioned. Fairfax India holds a majority stake within the proprietor of Kempegowda Worldwide Airport, Bengaluru, situated within the southern Indian metropolis also referred to as Bangalore.

READ | Warren Buffett, Masayoshi Son’s India IPO shares price $14 bn lockup interval ends this month

The Mumbai providing might increase between 30 billion rupees and 40 billion rupees, they mentioned, asking to not be recognized as the knowledge is non-public. The IPO might include about 75% main shares and the remainder in present shares, one of many folks mentioned.

Deliberations are ongoing, particulars of the itemizing might change and Fairfax might determine to not proceed with a share sale, the folks mentioned. A consultant for BIAL couldn’t instantly remark, whereas Fairfax didn’t instantly reply to calls and emails requesting remark.

READ | Infosys reviews 11% rise in Q2 revenue, units $1.13 billion share buyback: Report

Fairfax India owns a 54% curiosity in BIAL because it constructed up its shareholding after buying its preliminary stake in 2017. It counts Siemens Tasks Ventures and governments amongst its minority traders, its web site reveals.

Launched in 2008, BLR Airport has been visited by greater than 250 million passengers as of June this 12 months, in keeping with a latest press launch. The airport serves 61 home and 14 worldwide locations, the web site reveals.

–With help from P R Sanjai and Layan Odeh.

Subscribe to our greatest newsletters

Subscribed to publication efficiently

Thanks for subscribing to our Every day Information Capsule publication.

Source link

Airport Bangalore billion Fairfax IPO Sources Weighing
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sumitomo of Japan buys 20% stake in YES Bank for around Rs 13,483 crore | Business News

May 10, 2025

Operation Sindoor: Now, civil flight operations suspended at 32 Indian airports till May 15 morning amid India-Pakistan standoff | Business News

May 10, 2025

Pakistan gets IMF tranche but economy too stretched to sustain long standoff | Business News

May 10, 2025

Audits, firewalls, real-time reporting: FM asks banks to step up cyber vigil amid tensions with Pakistan | Business News

May 10, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

‘Baywatch’ Star David Hasselhoff Is ‘Suffering and Using a Wheelchair’

May 10, 2025

Sumitomo of Japan buys 20% stake in YES Bank for around Rs 13,483 crore | Business News

May 10, 2025

Whoop unveils next-gen wearables Whoop 5.0, Whoop MG, with advanced health monitoring features | Technology News

May 10, 2025

Kilroy reports lackluster earnings as West Coast tenants downsize

May 10, 2025
Popular Post

After Ranji Trophy debacle against Pondicherry, Delhi sack Yash Dhull as captain, Himmat Singh to take over | Cricket News

A Curtain Call for Racing Season in Upstate New York

“If he goes, everyone will be sad”

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.