Fairfax
Finance
Digit Insurance FY21 net loss shrinks as revenue soars over 50%
Cloud-based general insurance company Digit Insurance’s net loss shrank sharply in 2020-21 (FY21) as the company reported a strong growth ......
Finance
Fairfax made its first partial exit from IIFL, sitting on below-benchmark returns
Canadian billionaire Prem Watsa’s Fairfax has made a partial exit from non-banking financial company (NBFC) IIFL Finance. The listed company is ......
Finance
IIFL Finance hands 10% annualised return to CDC on second part-exit
UK’s CDC Group Plc made a second partial exit on Thursday from IIFL Finance by selling 2.64% stake for Rs ......
Infrastructure
Fairfax eyeing partial exit from Seven Islands Shipping via proposed IPO
Logistics firm Seven Islands Shipping filed for an initial public offering (IPO) worth Rs 600 crore on Tuesday. The IPO comprises ......
Manufacturing
Fairfax, others make open offer to buy rest of speciality chemicals firm
Prem Watsa’s Fairfax Group and a small group of shareholders in Fairchem Organics Ltd have made an open offer to ......
TMT
Unpacking Digit Insurance -- India's newest unicorn
When Kamesh Goyal, founder and chairman of Digit Insurance, the country’s newest unicorn, started the non-life insurance company a little ......
Infrastructure
Canadian fund likely marks down Bangalore airport valuation as it takes bigger stake
A Canadian pension fund is believed to have knocked down the valuation of Bangalore International Airport Ltd (BIAL) as it ......
Finance
Fairfax-controlled CSB Bank appoints Pralay Mondal as retail banking head
Fairfax-controlled CSB Bank Ltd has announced that its board has appointed Pralay Mondal as the company’s president for retail, SME, ......
General
Grapevine: SBI gets bids for its 1% in NSE; Vedanta to sell minority stake in Cairn
India’s largest lender, State Bank of India (SBI), received bids from Prem Watsa’s Fairfax, Edelweiss Securities and Kotak Securities, among ......
TMT
A91, TVS Capital, Virat Kohli and others back Go Digit
Go Digit General Insurance Ltd, which is backed by Canadian investment firm Fairfax, has raised Rs 606.7 crore ($85 million) ......
