Fairfax Financial launches $500 mln vehicle for investing in India
Fairfax Financial Holdings has launched Fairfax India Holdings Corp, a vehicle for investing in Indian businesses through public equity, private equity or debt transactions. It will be funded in part by a US$300 million commitment from Fairfax Financial in exchange for multiple voting shares on a private placement basis. An additional US$200 million will come from several cornerstone investors. Investments made by Fairfax India will focus on acquiring control or taking significant interest in target companies. Based in Toronto, Fairfax Financial is a financial services firm.
27 November 2014•4 mins read
