Fairfax takes 38% stake in Bengaluru airport

  • | Saturday | 25th March, 2017

Fairfax India Holdings Corporation on Friday said it has completed the acquisition of a 38% stake in Bengaluru International Airport Limited. GVK Power & Infrastructure, which owns the majority stake in BIAL, sold its stake to reduce its debt. Out of the shares purchased, about 33% was owned by Bangalore Airport & Infrastructure Developer Private Limited, a subsidiary of GVK Power & Infrastructure Limited and the rest was bought from Flughafen Zurich.

more-in Fairfax India Holdings Corporation on Friday said it has completed the acquisition of a 38% stake in Bengaluru International Airport Limited. Out of the shares purchased, about 33% was owned by Bangalore Airport & Infrastructure Developer Private Limited, a subsidiary of GVK Power & Infrastructure Limited and the rest was bought from Flughafen Zurich. GVK Power & Infrastructure, which owns the majority stake in BIAL, sold its stake to reduce its debt.

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