Fairfax India to Acquire 10% More Stake in Bangalore Airport
AVIATION & AIRPORTS

Fairfax India to Acquire 10% More Stake in Bangalore Airport

Fairfax India Holdings Corporation announced its decision to acquire an additional 10% stake in Bangalore International Airport Ltd (BIAL) for $255 million. The transaction will increase Fairfax India's ownership in BIAL from 64% to 74%, further solidifying its presence in one of India's busiest airports.

The stake is being purchased from Germany's Siemens, which will fully exit its shareholding in BIAL following the deal. The other two stakeholders, Airports Authority of India and Karnataka State Industrial and Infrastructure Development Corporation, will retain their respective 13% stakes.

The acquisition, expected to close in the March quarter, values BIAL at $2.55 billion. Fairfax India’s founder, Prem Watsa, praised Siemens for their partnership since Fairfax's initial investment in 2017 and emphasised the company's confidence in BIAL’s growth potential under the leadership of CEO Hari Marar.

Fairfax India, established in 2014 by Indian-Canadian billionaire Prem Watsa, is a subsidiary of Fairfax Financial Holdings, a global property and casualty insurance company with $93 billion in assets. Fairfax India also holds controlling stakes in CSB Bank and has investments in IIFL Finance, Fairchem Organics, Sanmar, and Seven Islands Shipping.

Fairfax’s involvement with BIAL began in 2016 when it acquired a 33% stake from GVK Power and Infrastructure. Over time, Fairfax increased its stake by purchasing shares from GVK, Zurich Airport, and Siemens, all of which have since exited BIAL.

BIAL operates Bengaluru's Kempegowda International Airport under a public-private partnership, with a concession agreement extending until 2068. The agreement grants exclusive rights for the airport's development, operation, and management.

(ET)

Fairfax India Holdings Corporation announced its decision to acquire an additional 10% stake in Bangalore International Airport Ltd (BIAL) for $255 million. The transaction will increase Fairfax India's ownership in BIAL from 64% to 74%, further solidifying its presence in one of India's busiest airports. The stake is being purchased from Germany's Siemens, which will fully exit its shareholding in BIAL following the deal. The other two stakeholders, Airports Authority of India and Karnataka State Industrial and Infrastructure Development Corporation, will retain their respective 13% stakes. The acquisition, expected to close in the March quarter, values BIAL at $2.55 billion. Fairfax India’s founder, Prem Watsa, praised Siemens for their partnership since Fairfax's initial investment in 2017 and emphasised the company's confidence in BIAL’s growth potential under the leadership of CEO Hari Marar. Fairfax India, established in 2014 by Indian-Canadian billionaire Prem Watsa, is a subsidiary of Fairfax Financial Holdings, a global property and casualty insurance company with $93 billion in assets. Fairfax India also holds controlling stakes in CSB Bank and has investments in IIFL Finance, Fairchem Organics, Sanmar, and Seven Islands Shipping. Fairfax’s involvement with BIAL began in 2016 when it acquired a 33% stake from GVK Power and Infrastructure. Over time, Fairfax increased its stake by purchasing shares from GVK, Zurich Airport, and Siemens, all of which have since exited BIAL. BIAL operates Bengaluru's Kempegowda International Airport under a public-private partnership, with a concession agreement extending until 2068. The agreement grants exclusive rights for the airport's development, operation, and management. (ET)

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement