Adani Group has weighed several options to acquire a stake in the airport. Fairfax has held talks and is keen to participate in the offer for its 13% stake in the Airports Authority of India (AAI).
Under a 30-year concession agreement with the central government, BIAL owns and operates Kempegowda International Airport in Bengaluru. It has the option to extend the contract for another 30 years.
The airport project was awarded in 1999 to the unique 40:17:17 partnership led by the Siemens project consortium consisting of Zurich and L&T, with AAI and Karnataka State Industrial and Infrastructure Development Corporation each holding a 13% stake.
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