Fairfax's Watsa to buy Indian logistics firm NCMSL: Reuters

Fairfax India Holdings, a fund set up by Canadian investor Prem Watsa to target Indian assets, is set to take a majority stake in logistics firm National Collateral Management Services sources told Reuters. One of the sources said the deal, for a 70 to 75 percent stake in the commodities storage and services business, could be worth US$120 million to US$150 million. Fairfax Financial Holdings, set up Fairfax India late last year to boost the firm's private investment in India. It went public in January this year and raised more than US$1 billion.

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