Fairfax India to buy 74 pct stake in India's NCMSL for $126 mln: Reuters

Fairfax India Holdings, a fund set up by Canadian investor Prem Watsa to target Indian assets, said it would buy a 74 percent stake in commodities storage and services firm National Collateral Management Services (NCMSL) for about US$126 million, Reuters reported. The deal, valued at about 8 billion rupees, is expected to be completed this year.

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