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Fairfax, OMERS to extend IPO timeline of Bangalore airport holding company
The Economic Times· 2026-03-08 06:29
Core Insights - Fairfax Financial Holdings and OMERS have mutually agreed to extend the timeline for the IPO of Anchorage Infrastructure, which operates Kempegowda International Airport in Bengaluru, to September 16, 2026 [2][7] - Fairfax holds a 30.4% direct stake in the airport and a 43.6% stake through Anchorage Infrastructure, valuing the airport at $3 billion [1][7] - OMERS, which invested in Anchorage in September 2021, currently owns an 11.5% stake and aims to monetize its investment through the upcoming IPO [2][7] Company Overview - Fairfax India is controlled by Fairfax Financial Holdings, which has a global investment portfolio exceeding $100 billion [5][7] - The company’s investments in India are valued at $7 billion, with a significant portion attributed to its 74% interest in Bangalore International Airport [6][7] - Prem Watsa, the chairman and CEO of Fairfax Financial, has overseen substantial growth in the company’s investment portfolio over the past four decades [5][6] Financial Performance - Fairfax Financial reported a record profit of $4.8 billion in 2025 [7] - The company is in the process of obtaining regulatory approvals for the IPO of Anchorage Infrastructure, which is expected to enhance its intrinsic value [6][7]