Fairfax India investment vehicle expected to raise $1 bln

Fairfax India Holdings Corp, a vehicle launched last November by Canada's Fairfax Financial Holdings to make private equity and other investments in Indian businesses, is expected to raise gross proceeds of approximately US$1 billion. Commitments will be generated by an initial public offering of subordinate voting shares, priced to raise gross proceeds of US$500 million, and by private placements. The offering is expected to close at the end of this month.

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