{"id":107764,"date":"2025-02-24T20:21:57","date_gmt":"2025-02-24T20:21:57","guid":{"rendered":"https:\/\/peraltafinancing.com\/aerospace\/fairfax-india-purchases-additional-10-stake-in-indias-bial\/"},"modified":"2025-02-24T20:21:57","modified_gmt":"2025-02-24T20:21:57","slug":"fairfax-india-purchases-additional-10-stake-in-indias-bial","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=107764","title":{"rendered":"Fairfax India purchases additional 10% stake in India\u2019s BIAL"},"content":{"rendered":"


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BIAL holds exclusive rights to develop and manage Kempegowda International Airport under a concession agreement with the Indian government until 2068. Credit: Hari Santhosh\/Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Fairfax India has completed the acquisition of an additional 10% equity interest in Bangalore International Airport Limited (BIAL) from Siemens Project Ventures, part of Siemens Financial Services, in a deal valued at $255m.<\/p>\n

This transaction has increased Fairfax India\u2019s aggregate share ownership in BIAL to 74% from the previous 64%, enhancing its position as a major stakeholder in the airport\u2019s operations.<\/p>\n

Fairfax India signed the agreement to acquire<\/a> the 10% additional interest in BIAL in December 2024.<\/p>\n

The acquisition is structured with payment to be made in three instalments.<\/p>\n

The initial payment was made upon the closing of the transaction, with the remaining balance due on 31 August 2025 and 31 July 2026.<\/p>\n

The acquisition has the ownership held by Fairfax India\u2019s wholly-owned subsidiary to 30.4%, while its indirect subsidiary Anchorage Infrastructure Investments Holdings Limited holds 43.6%.<\/p>\n

The stakes held by the Indian state promoters, Airports Authority of India and Karnataka State Industrial and Infrastructure Development Corporation, remain unchanged at 13% each.<\/p>\n

BIAL, a private company located in Bengaluru, operates under a concession agreement with the Government of India until the year 2068.<\/p>\n

It has exclusive rights for the development and management of Kempegowda International Airport Bengaluru (KIAB), India\u2019s \u201cfirst\u201d greenfield airport built through a public-private partnership.<\/p>\n

Fairfax India is an investment holding company with a focus on achieving long-term capital appreciation while preserving capital.<\/p>\n

It invests in a mix of public and private equity securities and debt instruments, targeting companies and opportunities connected to the Indian economy.<\/p>\n

In 2023, BIAL announced the opening<\/a> of Terminal 2 (Phase I) at Kempegowda International Airport for domestic operations, reported The Hindu.<\/p>\n

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