Fairfax India, a fund Hyderabad-born Watsa set up last year to boost India investments, said its Mauritius unit would buy about 83 million shares of IIFL at 195 rupees each, a premium of 3.6 percent over the Indian firm's close price on Monday. Fairfax India Limited is to increase its stake to 26 % in Fairfax India for $ 225mn through a share tender offer . Fairfax India 's Mauritius unit will buy about 83 million shares of IIFL at 195 rupees each , a premium of 3.6 % over the Indian unit 's close price on Monday .
Fairfax India Limited is to increase its stake to 26 % in Fairfax India for $ 225mn through a share tender offer . Fairfax India 's Mauritius unit will buy about 83 million shares of IIFL at 195 rupees each , a premium of 3.6 % over the Indian unit 's close price on Monday .