Fairfax India to acquire 51 pct of Catholic Syrian Bank
Fairfax India Holdings Corp, a vehicle launched in 2014 to make private equity and other investments in India, has proposed to acquire 51 percent of the share capital of the Catholic Syrian Bank Ltd, a Thrissur, India-based full-service bank with some 430 branches. Fairfax agreed to pay INR 140 per share for the stake, or about US$186 million in total according to Reuters. Fairfax India is an affiliate of Fairfax Financial Holdings Ltd, a Toronto-based holding company.
20 February 2018•2 mins read
