Friday, December 2, 2022
HomeBusinessFairfax India may bring IPO of Bangalore Airport, preparing to raise up...

Fairfax India may bring IPO of Bangalore Airport, preparing to raise up to Rs 4000 crore!

Bangalore Airport IPO: Bangalore International Airport Limited (Bangalore International Airport Limited) can be listed on the Stock Exchanges. Fairfax India Holding is considering bringing the company’s IPO (Intial Public Offering). It is believed that the IPO of Bangalore International Airport (BIAL) can be launched in the 2023 new year.

After bringing the IPO of Fairfax India Holding’s Bangalore International Airport Limited, the company can get a valuation of up to Rs 30,000 crore. It is believed that 3000 to 4000 crore rupees can be raised through IPO. In which 75 percent shares can be sold through fresh issue, while the remaining shares can be sold through offer for sale.

The Indian arm of Canadian investment group Fairfax Financial Holding Limited is consulting with advisors for the listing of Bangalore International Airport Limited on the stock exchange. Fairfax India has the majority stake in Bangalore-based Kempegowda International. Fairfax India holds 54 per cent stake in BIAL. In 2017, the company bought the stake.

Bangalore Airport was started in 2008. And by June 2022, 25 crore passengers have visited the airport. This airport handles flights to 61 domestic and 14 international destinations.

Prime Minister last week Narendra Modi Terminal-2 of Kempegowda International Airport (Kempegowda International Airport, Bengaluru) has been inaugurated. This terminal has been built at a cost of about Rs 5,000 crore. There is a hanging garden at the new terminal of Bangalore Airport. Terminal 2 of the airport has been designed as a tribute to the Garden City of Bangalore.

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