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Fairfax completes acquisition of BIAL shares

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.
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