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Fairfax changes monetisation plan from Indian financial services firm

Finance

09 May, 2024

Fairfax changes monetisation plan from Indian financial services firm

Fairfax Financial Holdings Ltd, the Toronto-listed investment firm controlled by Indian-born Canadian billionaire Prem Watsa, has changed its plan to ......

Fairfax-backed IIFL Finance faces liquidity crunch after RBI curbs

Finance

07 May, 2024

Fairfax-backed IIFL Finance faces liquidity crunch after RBI curbs

India's IIFL Finance is facing a liquidity crunch as banks have turned cautious while lending to it following a clampdown ......

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Fairfax wraps up nearly $200 mn exit from India portfolio

Finance

22 April, 2024

Fairfax wraps up nearly $200 mn exit from India portfolio

Fairfax India, a country-specific private-equity style investment firm, has wrapped up an exit from an eight-year-old portfolio company with multi-bagger returns.  This comes ......

Fairfax-backed IIFL Finance to raise $152 mn via share sale amid ban on gold loans

Finance

17 April, 2024

Fairfax-backed IIFL Finance to raise $152 mn via share sale amid ban on gold loans

India's IIFL Finance will raise 12.72 billion rupees ($152 million) by selling shares, the non-bank lender said on Wednesday, aiming ......

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Spotlight: How well has the Fairfax-owned Indian airport recovered from Covid jolt?

Infrastructure

21 March, 2024

Spotlight: How well has the Fairfax-owned Indian airport recovered from Covid jolt?

Over the past three years or so, aviation in India has been on a rapid growth trajectory. While domestic carriers ......

Fairfax commits $200 mn to IIFL Finance after RBI ban on gold loans

Finance

06 March, 2024

Fairfax commits $200 mn to IIFL Finance after RBI ban on gold loans

Fairfax India Holdings Corporation, led by Indian-born Canadian billionaire Prem Watsa, has committed $200 million in liquidity support to IIFL ......

Fairfax-backed Go Digit Insurance gets SEBI approval for IPO

Finance

04 March, 2024

Fairfax-backed Go Digit Insurance gets SEBI approval for IPO

Go Digit General Insurance Ltd has received regulatory approval to float an initial public offering, more than a year after ......

RBI bars Fairfax-backed IIFL Finance from sanctioning, disbursing gold loans

Finance

04 March, 2024

RBI bars Fairfax-backed IIFL Finance from sanctioning, disbursing gold loans

India's central bank on Monday ordered non-bank entity IIFL Finance to stop sanctioning and disbursing gold loans, as it found ......

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Fairfax begins new year with a multi-bagger exit

Finance

16 February, 2024

Fairfax begins new year with a multi-bagger exit

Fairfax India, a country-specific private-equity style investment firm, which is run in association with Indian-born Canadian billionaire Prem Watsa’s Fairfax, ......

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Quess Corp, GoDigit under the lens as Fairfax accused of manipulating asset values

Finance

09 February, 2024

Quess Corp, GoDigit under the lens as Fairfax accused of manipulating asset values

Two Indian companies—an outsourcing services provider and an insurance-technology unicorn—are at the centre of allegations made by an activist short ......