trending Market Intelligence /marketintelligence/en/news-insights/trending/xU5qkPk7_s61UBlXXlXgng2 content esgSubNav
In This List

Report: Fairfax Financial seeks to raise US$500M to fund India deals

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Report: Fairfax Financial seeks to raise US$500M to fund India deals

Canada'sFairfax Financial HoldingsLtd. is seeking to raise US$500 million to fund potentialacquisitions in India, including a stake in Catholic Syrian Bank Ltd., Business Standard reported Sept. 29,citing "bankers close to the development."

FairfaxFinancial is in talks to buy a 10% stake in Catholic Syrian Bank, which needs 5billion Indian rupees of fresh capital to fund its growth plans. Previously inJune, The Economic Times reportedthat the Canadian firm submitted a proposal to the Indian central bank for thepossible stake purchase.

Bank of NovaScotia will act as Fairfax Financial's lead manager for raising capital in theoverseas markets.

As of Sept. 28, US$1 was equivalent to66.49 Indian rupees.