Fairfax offers to buy 26% stake in India's Carlyle-backed IIFL
Canada-based Fairfax Financial Holdings has offered to buy a 26% stake in Carlyle-backed financial services company IIFL Holdings Limited for INR16 billion ($255 million).
Fairfax will make its purchase through its subsidiary Fairfax India, which raised $1 billion earlier this year in a combined IPO and private placement. ICICI Securities, which is serving as the manager...
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