Fairfax Financial Holdings

Canadian billionaire Prem Watsa-backed Fairfax Financial Holdings Ltd (FFHL) has settled with Sebi a case pertaining to alleged violation of mutual fund regulations. Fairfax paid Rs 29.25 lakh as settlement charges to the regulator. The order came after Fairfax proposed to settle the instant proceedings through a settlement order "without admitting or denying the findings of fact and conclusions of law". "The instant proceedings initiated against the applicant (Fairfax) vide show cause notice dated October 8, 2021 is disposed of," Sebi's Whole Time Member S K Mohanty said in the settlement order passed on Wednesday. In March 2018, Sebi amended the MF (Mutual Fund) regulation. Under the rules, the regulator does not allow any entity to hold more than a 10 per cent stake in more than one mutual fund house. It also provided one-year time to sponsors of the mutual funds to comply with norms for shareholding and governance of mutual funds, if they, inadvertently acquire shares or votin

Canadian billionaire Prem Watsa's firm holds over 10% stake in two AMCs

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The proposed centre, which will be called 'CMC Vellore Paediatric Specialty Centre', will provide leading state-of-the-art paediatric medical and surgical services

IIFL Wealth shares fell 1.2% on Monday, giving the company a market value of around $1.7 billion.

Before this, the fund offloaded IIFL Finance's shares worth Rs 365 crore, while Smallcap had purchased shares worth Rs 300 crore on December 1

NCML will develop these grain silos at seven locations in Punjab, Haryana and Uttar Pradesh under a 32-year concession agreement awarded by FCI

On September 23, Thomas Cook Plc in Britain announced that it is filing for compulsory liquidation with immediate effect

This comes after the insurance regulator, earlier this month, relaxed the five-year lock-in rule for Fairfax's stake in ICICI Lombard, which was scheduled to end in March 2021

It has been a difficult year for Fairfax on its investments across geographies, said Prem Watsa

Lack of procedures, systems and awareness among the departments has been the reasons for the delay

RBI for the first time has allowed a bank to sell its majority stake to a single private investor

An agreement could be announced in the next few weeks, according to one of the people