Fairfax completes acquisition of BIAL shares
Saturday, March 25, 2017, 3:42 PM
Fairfax India, owned by Indian-born Canadian billionaire Prem Watsa, has completed the acquisition of 38% share in Bangalore International Airport (BIAL), the operator of India’s third largest airport. The deal comes a year later after the firm announced its intention. The firm paid Rs 2,522 crore for the shares. It will give Fairfax India the operational control over the airport.