Fairfax India buys 38 pct stake in Bangalore airport for $385 mln

Fairfax India Holdings Corp, a vehicle launched in 2014 to make private equity and other investments in India, has acquired a 38 percent stake in Bangalore International Airport Ltd, the operator of Kempegowda International Airport, which serves the Bangalore area. The deal, valued at about US$385 million, saw the interest acquired from a subsidiary of GVK Power & Infrastructure Ltd and Flughafen Zürich AG. Fairfax India is an affiliate of Fairfax Financial Holdings Ltd, a Toronto holding company. Earlier this year, it acquired a majority stake in Saurashtra Freight Private Ltd.

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