prem watsa

Fairbridge Capital (Mauritius) Limited (FCML) on Monday said it has completed an offer for sale (OFS) of four crore equity shares of Thomas Cook (India) Ltd (TCIL) valued at Rs 558 crore. Part of Indian-Canadian billionaire businessman prem watsa’s Fairfax group, FCML had in March 2021 infused $60 million into TCIL to help it survive the disruption caused by Covid. With travel recovering now post pandemic, the OFS has resulted in FCML getting back $67.2 million.

Fairfax Holdings chairman prem watsa inaugurated the Manohar C Watsa Stadium at IIT-Madras on Wednesday.

prem watsa, the 75-year-old founder of Fairfax Financial, has built the company into a $100 billion asset management giant. With a strong focus on India, where it has invested $7 billion, Fairfax is now preparing for a succession plan to ensure its long-term culture and stability continue under the next generation, including his son Ben.

prem watsa, CEO of Fairfax Financial Holdings, has expressed confidence in India's potential to achieve double-digit economic growth under Prime Minister Narendra Modi. Praising initiatives like Make in India and StartUp India, Watsa believes that India, with its smart and hardworking populace, can sustainably reach 10% annual growth, transforming it into a developed nation by 2047.

Investment decisions are not based on changes in government, said Indian-born billionaire investor prem watsa, who recently hit headlines for his interest in smartphone maker BlackBerry.

Fairfax group commits up to $200 million liquidity support to IIFL Finance. RBI bars IIFL Finance from extending gold loans. JM Financial faces Sebi scrutiny. IIFL Finance expresses liquidity concerns. Chairman prem watsa expresses trust in IIFL Finance's management team.

Hyderabad native and chairman and CEO of Canada-based Fairfax Holdings Ltd prem watsa on Tuesday met the chief ministers of Andhra Pradesh and Telangana separately here and discussed possible projects of cooperation between the two states and his company.

Fairfax Financial Holdings, owned by Canadian value investor prem watsa, is in advanced negotiations to purchase a 26% stake in the financial services firm India Infoline.

Value Attics Reinsurance has become the first private-sector reinsurer in India after receiving a licence from Irdai. Backed by Fairfax group’s prem watsa and Kamlesh Goyal, it aims to leverage international reinsurance expertise. The company will start with a paid-up capital of Rs 200 crore and is set to begin operations shortly.

Canadian billionaire prem watsa’s Fairfax Financial Holding has in its results filing said that it is “exploring all avenues under applicable law” to achieve majority ownership in the parent company of Go Digit General Insurance.

prem watsa, known as the “Warren Buffet of Canada”, is back in India with a $1 billion fund that he first spoke about six months ago. And, unlike several businessmen, the Fairfax boss is bullish about the Narendra Modi government’s efforts at cleaning up the system and speeding up decision making.

Airport operator GVK Power & Infrastructure, which owns the majority stake in the Bangalore International Airport (BIAL), is selling most of its holding to Canadian investor prem watsa's Fairfax Group in a bid to reduce its debt.

Zurich Airport said it sold its 5 per cent minority stake in Bengaluru International Airport Ltd (BIAL) to prem watsa’s Fairfax Financial Holdings for $48.9 million. The deal comes less than a month after airport operator GVK Power & Infrastructure sold most of its stake (33 per cent) in BIAL.