Fairfax Holdings

Fairfax India Holdings will buy an additional 10 per cent stake in Bengaluru airport operator BIAL, hiking its overall shareholding to 74 per cent. Bangalore International Airport Ltd (BIAL) is a joint venture between Fairfax India, Airports Authority of India (AAI) and Karnataka State Industrial and Infrastructure Development Corporation Ltd. The latter two entities have 13 per cent stake each. "The transaction is expected to close in Q1 2025, upon which the additional 10 per cent equity interest in BIAL will be acquired by Fairfax India for, in aggregate, USD 255.0 million. The purchase price will be payable in three installments, with the initial installment to be paid on the closing date in Q1 2025," Fairfax India said in a release. The second and third installments are to be paid on or around August 31, 2025 and July 31, 2026, respectively. Fairfax India is acquiring the 10 per cent stake from Siemens Projects Ventures. "We would like to thank Siemens for the great partnershi

Canadian billionaire Prem Watsa's firm holds over 10% stake in two AMCs

In 2018, BIAL invested around $1.9 billion to expand its designed capacity of 20 million passengers to about 50 million in 2021.

GMR has right of first refusal if its bid is equal to or less than 10% of the highest

FAL Corporation, a subsidiary of Canada-based Fairfax, sold 22 million shares at Rs 1,178 apiece via block deals, the data provided by stock exchanges showed

This comes after the insurance regulator, earlier this month, relaxed the five-year lock-in rule for Fairfax's stake in ICICI Lombard, which was scheduled to end in March 2021

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This is the largest round of capital infusion in the Indian general insurance ecosystem, the company claimed in a statement. It brings Digit's total funding to $94 million

Watsa, who has always believed in founders and management of the companies he invests in, has said that he restarted talks for the Catholic Syrian Bank deal due to CEO C V R Rajendran's initiatives