Canada’s Fairfax Financial raises $1b for India investment unit
Canada-based Fairfax Financial Holdings has raised $1 billion for its recently-formed India investment unit through a combination of an IPO and a private placement.
Fairfax India Holdings Corporation sold 50 million subordinate voting shares at $10 apiece in the public offering to raise gross proceeds of $500 million. If the overallotment option is fully exercised,...
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