Bangalore Airport IPO could be at $3.7b value

Fairfax Financial Holdings Ltd, the Indian arm of a Canadian investment company, is planning an IPO (Initial Public Offering) for Bangalore International Airport Ltd (BIAL) that could be valued at $3.7 billion, according to a Bloomberg News report quoting sources, according to NDTV.
Fairfax India, which owns a controlling stake in Bengaluru's Kempegowda International Airport, was collaborating with an advisor on the potential listing, which could happen as early as next year, the report said, citing people familiar with the matter.
Sources told Bloomberg that while the IPO discussions were underway, the specifics of the listing could alter, with Fairfax even deciding not to proceed with the share sale.