FIH Mauritius Investments Limited (FIHM), a Fairfax group entity, has acquired 33% equity share capital of Bangalore International Airport Limited (BIAL), a GVK group company, and another 5% of the airport from Flughafen Zürich AG..DealFIHM acquires 38% in Bangalore AirportValueUSD 385 millionDeal typeM&ASectorCivil Aviation- AirportLaw FirmsFIHM- AZB & Partners ; BIAL-Cyril Amarchand Mangaldas; Flughafen Zürich AG – Khaitan & Co and White & CasePartners/ Heads AZB – Ashwin Ramanathan.FIHM, the acquirer was advised by AZB & Partners through a team led by Partner Ashwin Ramanathan along with Associates Shivanand Nayak and Abhishek Banerji..GVK had said the sale was one of its fund-raising steps to reduce debt. The conglomerate has total debt of over Rs 22,000 crore on its books, reported ET.
FIH Mauritius Investments Limited (FIHM), a Fairfax group entity, has acquired 33% equity share capital of Bangalore International Airport Limited (BIAL), a GVK group company, and another 5% of the airport from Flughafen Zürich AG..DealFIHM acquires 38% in Bangalore AirportValueUSD 385 millionDeal typeM&ASectorCivil Aviation- AirportLaw FirmsFIHM- AZB & Partners ; BIAL-Cyril Amarchand Mangaldas; Flughafen Zürich AG – Khaitan & Co and White & CasePartners/ Heads AZB – Ashwin Ramanathan.FIHM, the acquirer was advised by AZB & Partners through a team led by Partner Ashwin Ramanathan along with Associates Shivanand Nayak and Abhishek Banerji..GVK had said the sale was one of its fund-raising steps to reduce debt. The conglomerate has total debt of over Rs 22,000 crore on its books, reported ET.