Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
IPO
November 17, 2022

Bangalore Airport IPO Could Be Valued At $3.7 Bn: Report

Urvi Srivastava Financial Reporting Bangalore Airport, IPO, report

Bangalore Airport was established in 2008 and has been visited by more than 250 million passengers as of June this year

As per Bloomberg, the Indian arm of a Canadian investment company is planning an IPO (Initial Public Offering) for Bangalore International Airport Ltd (BIAL) estimated to be at USD 3.7 billion. 

While the IPO discussions are underway, the specifics of the listing could alter, with Fairfax even deciding not to proceed with the share sale, said Bloomberg sources. 

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, people in the know 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.

Siemens Projects Ventures, with other private promoters in BIAL, owns a 20 per cent stake, and the remaining is held jointly by Karnataka State Industrial & Infrastructure Development Corporation Limited (13 per cent) and Airport Authority of India (13 per cent).

Bangalore Airport was launched in 2008 and has been visited by more than 250 million passengers as of June this year, according to a recent press release. As per the website, the airport serves 61 domestic and 14 international destinations.

Urvi Shrivastav

→ Urvi Shrivastav

ReNew Energy’s Q2 Loss Narrows To INR 986 Mn Arun Kumar Singh Likely To Be Next ONGC Head

Related Posts

Anurag Mishra CFO

Financial Reporting

JW Marriott New Delhi Appoints Anurag Mishra as Director of Finance

economy

Financial Reporting

Economy Remains Steady In Recent Months: PHD Chamber

20220714_125227

Financial Reporting

Infosys Reports Strong Growth In Q3, Revenues Jump To Rs 38,318 Cr

Selected Stories

  • Anurag Mishra CFOJW Marriott New Delhi Appoints Anurag Mishra as Director of Finance

    Read more

  • 1678170556_zXCK41_CFOBest CFO & Finance Strategy Awards: Navigating Through Uncertain Macroeconomic Environment

    Read more

  • economyEconomy Remains Steady In Recent Months: PHD Chamber

    Read more

  • 20220714_125227Infosys Reports Strong Growth In Q3, Revenues Jump To Rs 38,318 Cr

    Read more

  • 20211201_100953-1Tech Mahindra, Microsoft Collaborate To Deliver Cloud-powered 5G Core Network Modernisation For Telcos

    Read more

Movements

  • zUah2lDb_400x400Deloitte India Named Romal Shetty As CEO For Four-Year Term
  • cfo imageVishnuhari Pareek Named As Head Of Finance At Arkam Ventures
  • thumbnail_Sidharth1Siddharth Sehgal Is New CFO Of BeatO
  • Business men giving a handshake. Business conceptRamamurthy Becomes MD, CEO of BSE, SEBI approves appointment
  • 1554629557880Arvind Agarwal Resigns Nykaa, Joins PayU India As CFO

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.