Fairfax denies reports of stake sale in Bangalore International Airport

Fairfax Financial Holdings has denied reports that it is planning to sell its stake in Bangalore International Airport Ltd (BIAL). The clarification came hours after a Bloomberg report emerged stating Fairfax's Indian arm is planning a $3.7 billion IPO of BIAL next year. Earlier reports also claimed that the Adani Group has approached Fairfax to buy a stake in BIAL.