bullish
Fairfax India Holdings: Major Value Unlock Via BIAL IPO
David has highlighted this Insight as a Top Pick
490 Views19 Nov 2022 13:44
SUMMARY
- Fairfax India Holdings (FIH/U CN), a holdco with investment activities exclusively in India, is edging closer to IPOing 49%-held Bangalore International Airport (BIAL).
- Reportedly FIH is seeking a value upward of C$3.7bn for BIAL, a 45% premium over the current fair value holding.
- Currently trading at a P/B of 0.6x compared to its five-year average of 0.8x, and the two-year average pre-Covid of 1.06x.
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