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Fairfax exits 18-year investment in ICICI Lombard, clocking modest returns overall

Finance

17 October, 2019

Fairfax exits 18-year investment in ICICI Lombard, clocking modest returns overall

Canadian investor Fairfax Financial Holdings Ltd has sold its remaining stake in India’s largest private non-life insurer ICICI Lombard General ......

Fairfax-backed CSB Bank to take second stab at IPO as SEBI gives go-ahead

Finance

14 October, 2019

Fairfax-backed CSB Bank to take second stab at IPO as SEBI gives go-ahead

CSB Bank Ltd, formerly Catholic Syrian Bank, has received a regulatory nod to float an initial public offering (IPO) -- ......

Premium
Fairfax sells half its stake in ICICI Lombard, earns modest returns

Finance

26 September, 2019

Fairfax sells half its stake in ICICI Lombard, earns modest returns

Canadian investment firm Fairfax Financial Holdings Ltd has sold half its stake in ICICI Lombard General Insurance Company Ltd, as ......

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IRDA waives lock-in period for Fairfax's stake in ICICI Lombard

Finance

04 September, 2019

IRDA waives lock-in period for Fairfax's stake in ICICI Lombard

India’s insurance regulator has paved the way for Canadian firm Fairfax Financial Holdings Ltd to exit its almost two-decade-long investment ......

Premium
Fairfax-backed IIFL Finance raises funding from another Canadian firm

Finance

03 September, 2019

Fairfax-backed IIFL Finance raises funding from another Canadian firm

Non-banking financial company IIFL Finance Ltd, which counts billionaire Prem Watsa's Fairfax Financial as an investor, has mobilised debt capital ......

Fairfax to invest $5 bn more in Indian companies in next five years: Prem Watsa

Finance

03 September, 2019

Fairfax to invest $5 bn more in Indian companies in next five years: Prem Watsa

Prem Watsa, the billionaire chairman of Fairfax Financial Holdings Ltd, has proposed to invest a further $5 billion (approximately Rs ......

Premium
Fairfax sitting on stellar gains as CSB Bank files for IPO

Finance

12 August, 2019

Fairfax sitting on stellar gains as CSB Bank files for IPO

Canada’s Fairfax Financial Holdings Ltd, which is controlled by Indian-born Canadian billionaire Prem Watsa, is sitting on stellar gains in ......

Amazon to invest in Fairfax-controlled Quess Corp's arm

General

15 July, 2019

Amazon to invest in Fairfax-controlled Quess Corp's arm

US-based online retailer Amazon.com Inc. is investing Rs 51 crore ($7.4 million) in Quess Corp Ltd, a business services provider ......

Fairfax-backed Fairchem Speciality to restructure business

Manufacturing

27 May, 2019

Fairfax-backed Fairchem Speciality to restructure business

Fairchem Speciality Ltd, a Mumbai-listed chemicals maker backed by Canadian billionaire Prem Watsa’s Fairfax Group, is going through a restructuring ......

Foreign investors hope PM Modi dials back policy shocks after big election win

General

24 May, 2019

Foreign investors hope PM Modi dials back policy shocks after big election win

Foreign companies in India have welcomed Prime Minister Narendra Modi’s election victory for the political stability it brings, but now ......