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Bangalore Airport IPO (Public Offer) Could Be At $3.7 Billion Value: Report
Fairfax mulls India's Bangalore airport IPO at $3.7 Billion value: Report Fairfax Financial Holdings Ltd, the Indian arm of a Canadian investment company, is planning an IPO (Initial Public Offering) for Bangalore International Airport Ltd (BIAL) that could be valued at $3.7 billion, according to a Bloomberg News report quoting sources. Fairfax India, which owns a controlling stake in Bengaluru's Kempegowda International Airport, was collaborating with an advisor on the potential listing, which could happen as early as next year, the report said, citing people familiar with the matter. With a $7 billion overall investment in India, it intends to quadruple that amount over the next four to five years. After purchasing its initial stake in BIAL in 2017, Fairfax India increased its shareholding to 54 per cent, according to BIAL's website. According to the latest press release, the airport opened in 2008 and welcomed more than 250 million people as of June this year, according to the website, with the airport serving 61 domestic and 14 foreign destinations. Source: NDTV #BangaloreAirport #IPO
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