Hedge fund Abakkus picks up stake in Fairfax-backed securities broking firm

By Ankit Doshi

  • 20 Dec 2019
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Credit: Thinkstock

Hedge fund Abakkus Asset Manager LLP has bought a minority stake in a Mumbai-based securities broking and investment banking firm that counts Canadian billionaire Prem Watsa-led Fairfax India Holdings Corp as its backer. The investment firm purchased 8.71 million shares of IIFL Securities Ltd, or a 2.72% stake. It shelled out ......

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