Fairfax India to acquire 51 pct of Saurashtra Freight for $30 mln
Fairfax India Holdings Corp, a platform launched in 2014 to make private equity and other investments in India, has acquired a 51 percent stake in Saurashtra Freight Private Ltd for about US$30 million. The proceeds will be used to buy the container freight station (CFS) business of Saurashtra Infra and Power Private Ltd, and for future growth. Saurashtra Infra runs the CFS at Mundra Port, India's second largest port. Fairfax India is an affiliate of Fairfax Financial Holdings Ltd, a Toronto holding company. Last month, the Ontario Municipal Employees Retirement System (OMERS) invested in the platform's US$350 million private offering.
17 January 2017•3 mins read
