Fairfax weighing Bangalore airport IPO at $3.7 billion value: Report

Fairfax India owns a 54% interest in BIAL as it built up its shareholding after acquiring its initial stake in 2017

Fairfax India Holdings Ltd. is considering an initial public offering for Bangalore International Airport Ltd. that could value the asset at about 300 billion rupees ($3.7 billion), according to people familiar with the matter.
 

The Indian arm of Canadian investment group Fairfax Financial Holdings Ltd. is working with an adviser on the potential listing that could take place as soon as next year, the people said. Fairfax India holds a majority stake in the owner of Kempegowda International Airport, Bengaluru, located in the southern Indian city also known as Bangalore.  

The Mumbai offering may raise between 30 billion rupees and