Fairfax India to invest $300 mln in Sanmar Chemicals: Reuters

Fairfax India Holdings Corp, part of Canadian billionaire Prem Watsa's Fairfax Holdings, said it would invest US$300 million in privately held Indian petrochemical company Sanmar Chemicals Group through a combination of equity and fixed-income securities, Reuters reported. Fairfax India will have a 30 percent equity ownership in Sanmar following the investment. The deal would be the latest in a string of Fairfax investments in the country this year.

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