Bangalore Airport IPO could be valued at ~$3.7 Billion

  • India Infoline News Service |
  • 17 Nov, 2022 |
  • 2:59 PM

As per the reports of various news publications, Fairfax India Holdings Limited is considering the initial public offer for Bangalore International Airport. It could value the asset of the airport at around $3.7 billion.

Fairfax Financial Holdings Ltd, the Indian arm of the Canadian investment group is working with an advisor on the potential listing. Kempegowda International Airport is located in Bengaluru and Fairfax India owns 54% of interest in Bangalore International Airport Limited. This build-up after Fairfax acquired its initial stake in 2017.

Launched in the year 2008, BAIL, which is officially known as Kempegowda International Airport has been visited by more than 250 million passengers as of June 30, 2022. As per the website, the airport serves 61 domestic and 14 international destinations.

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