Bharti Enterprises Chairman Sunil Bharti Mittal expressed strong optimism for an India-US trade agreement within weeks, highlighting its im...

The bids remain ‘alive’ and the government is examining legal provisions under the tendering framework that allows for bids to be accepted ...

Union Minister Piyush Goyal met with prominent Canadian industry leaders in Toronto to explore investment avenues and expand bilateral econ...

Bengaluru International Airport Limited, or BIAL, has given a dividend of over Rs 16 crore to the Karnataka State Industrial and Infrastruc...

Fairfax India Holdings Corporation has launched an open offer to acquire an additional 26% stake in IIFL Capital Services. This move follow...

Indian authorities are exploring ways to revive the long-delayed sale of a majority stake in IDBI Bank after bids fell short of expectation...

Fairfax India is set to increase its ownership in IIFL Capital to 51 percent. This move involves an investment of 20 billion rupees. The ca...

Fairfax Financial and OMERS have extended by 12 months the timeline for the planned IPO of Anchorage Infrastructure, the holding company ow...

Valueattics Reinsurance Ltd, backed by Kamesh Goyal and Fairfax, becomes the first private reinsurer to gain regulatory approval in India. ...

Fairfax India Holdings Corporation is increasing its stake in Bangalore International Airport Ltd (BIAL) to 74% by buying an additional 10%...

Thomas Cook UK had ceased to be the promoter of Thomas Cook (India) after it transferred its entire stake in 2012 to Fairfax, a Canada base...

The transaction is expected to be completed in the first half of 2019.

Now Watsa owns 48 per cent in the third busiest airport in the country and GVK, which built the greenfield project, exits the airport.

Following the transaction, Fairfax will hold 35 per cent in ICICI Lombard, while ICICI Bank will have about 64 per cent stake.

The deal, valued at about 8 billion rupees, is expected to be completed in 2015, Fairfax said in a statement.

The stock soared 10.13 per cent to settle at Rs 207.05 on the BSE. During intra-day, it gained 20 per cent to Rs 225.60 -- its 52-week high.

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 Hol...