Fairfax Financial Holdings
Fairfax Financial Holdings settle case with Sebi; pays Rs 29.25 L charges
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
 "Fairfax Financial Holdings settle case with Sebi; pays Rs 29.25 L charges")
Breach of cross-holding norms: Fairfax seeks consent settlement with Sebi
Canadian billionaire Prem Watsa's firm holds over 10% stake in two AMCs
 "Breach of cross-holding norms: Fairfax seeks consent settlement with Sebi")
Why is 'Canadian Warren Buffett' Prem Watsa, so bullish on India?
Billionaire Prem Watsa's belief in India's growth story has made him pledge investment worth $7 billion over the next five years. Find out more about 'Canada's Warren Buffett' and his India-plans
 "Why is 'Canadian Warren Buffett' Prem Watsa, so bullish on India?")
Quess Corp, Fairfax to set up paediatric specialty centre at CMC Vellore
The proposed centre, which will be called 'CMC Vellore Paediatric Specialty Centre', will provide leading state-of-the-art paediatric medical and surgical services
 "Quess Corp, Fairfax to set up paediatric specialty centre at CMC Vellore")
Fairfax Financial Holdings weighs selling stake in IIFL Wealth Management
IIFL Wealth shares fell 1.2% on Monday, giving the company a market value of around $1.7 billion.
 "Fairfax Financial Holdings weighs selling stake in IIFL Wealth Management")
Fairfax affiliate sells IIFL Finance shares worth Rs 313 crore
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
 "Fairfax affiliate sells IIFL Finance shares worth Rs 313 crore")
NCML to invest Rs 506 cr in grain silos in India, IFC to back the project
NCML will develop these grain silos at seven locations in Punjab, Haryana and Uttar Pradesh under a 32-year concession agreement awarded by FCI
 "NCML to invest Rs 506 cr in grain silos in India, IFC to back the project")
CRISIL reaffirms ratings on Thomas Cook India at AA-minus, A1-plus
On September 23, Thomas Cook Plc in Britain announced that it is filing for compulsory liquidation with immediate effect
 "CRISIL reaffirms ratings on Thomas Cook India at AA-minus, A1-plus")
Fairfax Financial Holdings sells 5% in ICICI Lombard for Rs 2,562 crore
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
Well-positioned to invest big in India: Fairfax Financial Holdings CEO
It has been a difficult year for Fairfax on its investments across geographies, said Prem Watsa
Six months later, Fairfax Holdings and CSB deal still stuck in govt files
Lack of procedures, systems and awareness among the departments has been the reasons for the delay
 "Six months later, Fairfax Holdings and CSB deal still stuck in govt files")
Fairfax gets RBI nod to acquire 51% in Catholic Syrian Bank
RBI for the first time has allowed a bank to sell its majority stake to a single private investor
Watsa's Fairfax to buy Indonesia insurer
An agreement could be announced in the next few weeks, according to one of the people
