Fairfax made its first partial exit from IIFL, sitting on below-benchmark returns

Canadian billionaire Prem Watsa’s Fairfax has made a partial exit from non-banking financial company (NBFC) IIFL Finance.  The listed company is one of Fairfax’s earliest investments in India. Fairfax’s aggregate investment in the finance company has grown 1.6X in the last eleven years.   On Wednesday Fairfax’s Hamblin Watsa Investment Counsel Limited ......