Fairfax India SV USF (TSE:FIH.U) has released an update.
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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.
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