Fairfax India boosts stake in BIAL, Bengaluru airport

27 Jun 2023 CW Team

The story states that Fairfax India Holdings Corporation has obtained an additional 3% stake in Bangalore International Airport (BIAL) from Siemens Project Ventures GmbH, a division of Siemens Financial Services. The acquisition was made for $75 million. With this transaction completed, Fairfax India's total ownership in BIAL has risen to 57%, consisting of a 13.4% stake held by its wholly-owned subsidiary and a 43.6% stake held by its indirect subsidiary, Anchorage Infrastructure Investments Holding.

Furthermore, Fairfax India, via its wholly-owned subsidiary, has entered into an agreement to purchase an extra 7% equity interest in BIAL from Siemens Financial Services for $175 million. The completion of this acquisition is subject to certain performance conditions being met by BIAL, along with other closing conditions, which are anticipated to be evaluated after October 31, 2023.

It should be noted that BIAL serves as the operator of Kempegowda International Airport, and it holds exclusive rights, as per an agreement with the government of India, to undertake the airport's development, design, financing, construction, commissioning, maintenance, operation, and management until 2068.

Also read:
Bagdogra Airport expansion set to begin soon
HP cabinet okays land acquisition for Gaggal airport

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..