Fairfax proposal to buy 26% in IIFL gets CCI nod

Last Updated: Monday, August 31, 2015, 21:20

Fair trade regulator CCI has cleared Canadian investment holding company Fairfax's proposed acquisition of 26 percent stake in IIFL Holdings.

Fairfax India to buy 74% stake in NCMSL for Rs 800 crore

Last Updated: Monday, July 20, 2015, 23:05

Fairfax India Holdings Corporation Monday announced that it has agreed to acquire approximately 74 per cent in commodities storage and services firm National Collateral Management Services (NCMSL), through its wholly-owned subsidiary FIH Mauritius Investments, for about Rs 800 crore.

IIFL Holdings jumps almost 3% on Fairfax open offer

Last Updated: Wednesday, July 15, 2015, 13:29

Shares of IIFL Holdings rose almost 3 percent on Wednesday after Fairfax India Holdings announced an open offer to buy an additional 26 percent stake in the financial services firm.

IIFL Holdings shares zoom over 10% on Fairfax open offer

Last Updated: Tuesday, July 14, 2015, 21:42

Shares of IIFL Holdings surged over 10 percent Tuesday after Canadian investor Prem Watsa's Fairfax India Holdings made an open offer to raise its stake in the financial firm to 26 percent.

Fairfax India makes open offer to raise stake to 26% in IIFL

Last Updated: Tuesday, July 14, 2015, 15:14

Canadian investor Prem Watsa's Fairfax India Holdings today made an open offer to raise its stake to 26 per cent in financial firm IIFL Holdings for a total consideration of Rs 1,621 crore, valuing the company at around Rs 6,400 crore.

Fairfax's Watsa to buy Indian logistics firm NCMSL

Last Updated: Friday, June 26, 2015, 09:56

One of the sources said the deal, for a 70 to 75 percent stake in the commodities storage and services firm, could be worth $120 million to $150 million.

Fairfax to buy additional debentures of $250 mn in BlackBerry

Last Updated: Thursday, January 9, 2014, 18:57

Fairfax Financial Holdings will buy additional convertible debentures worth USD 250 million in BlackBerry, offering respite to the struggling Canadian smartphone maker.

BlackBerry completes $1 bn investment through debentures

Last Updated: Thursday, November 14, 2013, 22:41

Smartphone maker BlackBerry said it has concluded the private placement of debentures worth USD 1 billion with Prem Watsa-led Fairfax Financial Holdings and other institutional investors.

Cisco, Google, SAP discussing BlackBerry bids: Sources

Last Updated: Saturday, October 5, 2013, 09:14

BlackBerry Ltd, on the block as its smartphone business struggles, is in talks with Cisco Systems, Google Inc and SAP about selling them all or parts of itself, several sources close to the matter said.

Cerberus investment fund eyes BlackBerry bid: Source

Last Updated: Thursday, October 3, 2013, 09:18

The private equity firm Cerberus Capital Management is interested in a bid for troubled Canadian smartphone maker BlackBerry, a source familiar with the matter has said.

BlackBerry loses $965 mn in 2nd quarter

Last Updated: Friday, September 27, 2013, 18:41

Canadian tech pioneer BlackBerry, which earlier this week agreed to a USD 4.7 billion buyout, said Friday that it lost USD 965 million in the second quarter.

Fairfax's Watsa confident BlackBerry bid will succeed

Last Updated: Thursday, September 26, 2013, 09:00

Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its USD 4.7 billion bid for smartphone maker BlackBerry Ltd.