Fairfax India Holdings unit sells 9.7% stake in CSB Bank for $70 million | Company News

Fairfax India Holdings unit sells 9.7% stake in CSB Bank for $70 million | Company News

FIH Mauritius Investments is also the promoter of Thrissur-based CSB BankRepresentative PicturePress Trust of India New Delhi Canadian billionaire Prem Watsa’s Fairfax group on Thursday divested a 9.7 per cent stake in CSB Bank through its arm FIH Mauritius Investments. The open market transaction took place at an average price of Rs 352.75 per piece, taking the transaction size to Rs 595.04 crore. FIH Mauritius Investments offloaded over 16.8 million shares of CSB Bank through a block deal on the National Stock Exchange (NSE). Click here to connect with us on WhatsApp FIH Mauritius Investments is also the promoter of Thrissur-based CSB Bank. After the share sale, shareholding of…
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Source: https://www.business-standard.com/amp/companies/news/fairfax-india-holdings-unit-sells-9-7-stake-in-csb-bank-for-70-million-124062800003_1.html