Fairfax India Holdings is to increase its stake to 26% in IIFL Holdings for $225mn through a share tender offer. Canadian investor Prem Watsa's Fairfax India Holdings Corp plans to increase its stake in Indian financial services firm IIFL Holdings Ltd to up to 26 percent for $225 million through a share tender offer. The company will also raise $200m by issuing new shares at an initial public offering (IPO) of the company.
Fairfax India Holdings is to increase its stake to 26% in IIFL Holdings for $225mn through a share tender offer. The company will also raise $200m by issuing new shares at an initial public offering (IPO) of the company.