Bangalore Airport 13% stake for sale

Fairfax is interested in acquiring the Airports Authority of India's (AAI) 13% stake in Bangalore Airport and announced their willingness to bid for other government-owned airports in the future.

Fairfax currently owns a majority stake of 57% in Bangalore Airport. This move is part of their long-term commitment to airport investments in India.

The government had previously planned to divest its stakes in major metro airports but has slowed down the process.

Several stakeholders are involved in Bangalore International Airport Ltd, including Fairfax India Holdings Corporation, Siemens Project Ventures GmbH, and AAI, among others.

Additionally, the National Monetisation Pipeline (NMP) includes 25 AAI airports for leasing over the 2022 to 2025 period, with expected proceeds of ₹10,782 crore. Anchorage Infrastructure Investments Holdings Ltd is interested in bidding for these airports if AAI decides to divest them, as they have done with other airports in the past.