Fairfax India to invest $300 million in Sanmar Chemicals Group - Feedback

Fairfax India Holdings Corp, part of Canadian billionaire Prem Watsa’s Fairfax Holdings, said it would invest $300 million in privately held Indian petrochemical company Sanmar Chemicals Group through a combination of equity and fixed-income securities.  Fairfax India will have a 30 percent equity ownership in Sanmar following the investment, the company said on Friday.


Reuters had earlier reported that Fairfax India is close to acquiring a minority stake in Sanmar, citing sources familiar with the matter.  Fairfax India will fund an initial tranche of $250 million while a second tranche of $50 million will come from Fairfax Financial Holdings Ltd or another investor, the company said.



About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *