Indian listed companies have had airport subsidiaries before, but Bangalore International Airport Ltd (BIAL), the owner of Bengaluru's Kempegowda International Airport may become the country's first directly listed airport company. Its majority owner, Fairfax India Holdings Ltd, belonging to India-born Canadian billionaire Prem Watsa's Fairfax Group, has set the ball rolling on an IPO of between Rs. 3000 to Rs. 4000 crore, which will value the company at around Rs. 30,000 crore. Airports are profitable entities in India and BIAL has been well managed so far, making this direct listing of an airport, an opportunity to be considered seriously by investors. Led by aviation sector veteran Hari K Marar as its MD & CEO, BIAL has unique claims to its credit like being the fastest growing airport in the world, the busiest airport in South India and the third largest in India.
Post a Comment