Fairfax buys Catholic Syrian Bank for Rs 1,180 crore

KOCHI: India-born Canadian billionaire Prem Watsa has acquired majority shareholding in Thrissur-headquartered Catholic Syrian Bank (CSB), at a cost of Rs 1,180 crore.
The bank announced the proposal of Fairfax India, part of Watsa’s Fairfax Financial Holdings, after its director board meeting in Thrissur on Saturday.

The bank currently has just above eight crore shares and post-duplication, it will be doubled, said bank’s chairman TS Anantharaman

KOCHI: India-born Canadian billionaire Prem Watsa has acquired majority shareholding in Thrissur-headquartered Catholic Syrian Bank (CSB), at a cost of Rs 1,180 crore.
The bank announced the proposal of Fairfax India, part of Watsa’s Fairfax Financial Holdings, after its director board meeting in Thrissur on Saturday.

The bank currently has just above eight crore shares and post-duplication, it will be doubled, said bank’s chairman TS Anantharaman

https://timesofindia.indiatimes.com/city/kochi/fairfax-buys-catholic-syrian-bank-for-rs-1180-crore/articleshow/62966187.cms