Fairfax India SV USF (TSE:FIH.U) has released an update.
Fairfax India Holdings Corporation is set to increase its stake in Bangalore International Airport Limited by acquiring an additional 10% equity interest for $255 million. This move will boost Fairfax India’s ownership to 74%, reflecting its confidence in the airport’s growth potential. The transaction is expected to close in the first quarter of 2025, pending shareholder approval and customary conditions.
For further insights into TSE:FIH.U stock, check out TipRanks’ Stock Analysis page.