Page 3 - Fairfax
Fairfax India to pick up 51% stake in Catholic Syrian Bank for Rs 12 bn
Canadian investor Prem Watsa's Fairfax's Indian arm Fairfax India Holdings to pick up a 51 per cent stake in Kerala-based Catholic Syrian Bank (CSB) for around Rs 12 billion.Bank's Board today approved Fairfax's proposal and both the parties are expected to sign an agreement next week.Bank's Chairman T S Anantharaman has confirmed the development and said Fairfax India Holdings Corporation has formally indicated its continued interest in investing 51 per cent in the share capital of the Bank at a mutually agreed price of Rs 140 per share."The investment is subject to customary closing conditions, such as completion of required legal documentation and receipt of all applicable board, shareholder and regulatory approvals, including the approval of the Reserve Bank of India and the Competition Commission of India," he said .It may be noted, last year Fairfax said that was ready to invest upto Rs 10 billion in CSB for 51 per cent stake, but the deal did not happen due to valuation ...
 "Fairfax India to pick up 51% stake in Catholic Syrian Bank for Rs 12 bn")
Digit plans synergy with Fairfax to beat competition
Fairfax Holdings holds 45 per cent stake in Digit and Kamesh Goyal-led Indian investors hold the rest
 "Digit plans synergy with Fairfax to beat competition")
Fairfax completes acquisition of BIAL shares
Pays Rs 2,522 crore to buy 38% stake in India's third-largest airport operator
 "Fairfax completes acquisition of BIAL shares")
Fairfax may sell 25% of ICICI Lombard
ICICI Lombard is a JV formed in 2001 between ICICI Bank, India's second-largest bank, and Fairfax
Fairfax buys 51% in Saurashtra Freight for $30 million
Saurashtra Freight runs the largest CFS at Mundra Port in Gujarat
 "Fairfax buys 51% in Saurashtra Freight for $30 million")
Fairfax to raise $150 million in public offering from Canada
It is going to invest $350 million jointly with OMERS
 "Fairfax to raise $150 million in public offering from Canada")
Uncertainty over Fairfax investment in BIAL to hit GVK hard
Debt-laden GVK had stake sale deal with Fairfax for Rs 2,149 cr leaving with itself 10% holding
 "Uncertainty over Fairfax investment in BIAL to hit GVK hard")
Fairfax to raise $500 mn for India buys
Prem Watsa-owned group is in talks to buy 10 per cent stake in Catholic Syrian Bank
 "Fairfax to raise $500 mn for India buys")
Fairfax India completes $225 million credit facility
This credit facility is with a syndicate of Canadian banks
Fairfax completes acquisition of 51 % outstanding stake in Privi Organics
After the merger arrangement comes into effect, Fairfax India will own around 49 per cent in the merged business
Fairfax announced closure of $250 mn 1st tranche investment into Sanmar
The company earlier announced plans to invest a total of $300 million in Sanmar Chemicals Group and own 30% stake in it
 "Fairfax announced closure of $250 mn 1st tranche investment into Sanmar")
Fairfax India to invest $300 mn in Sanmar Chemicals
To acquire 30% equity stake in the Chennai-based company
 "Fairfax India to invest $300 mn in Sanmar Chemicals")
Fairfax Financial to raise $536 million via equity issuance
It will use the money to fund its acquisition of interests in Eurolife ERB Insurance Group Holdings and ICICI Lombard General Insurance