Liquidity Events
Fairfax sells 51% stake in Saurashtra Freight to Japan’s Kamigumi Co. for Rs.662-Cr
Fairfax India, the owner of Bengaluru International Airport Ltd (BIAL), has sold its 51% stake in Mumbai-headquartered Saurashtra Freight for INR 662 crore to Japan’s Kamigumi Co. Ltd. Fairfax India had purchased the stake for INR 200 crore in 2017.Saurashtra Freight operates container freight station yards at Mundra Port in Gujarat.Kamigumi Co. has revenues of nearly USD 2 Billion and operates in the logistics sector in Japan. It also owns storage and warehousing facilities in Indonesia.
In Feb 2017, Fairfax Holdings had acquired 51% stake in Saurashtra Freight for USD 30 M.
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