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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..