The open offer from Fairfax India Holdings Corporation to the shareholders of Adi Finechem begins on Thursday. Fairfax India, an investment platform of Indian-origin Canadian investor Prem Watsa, plans to buy 35.86 lakh shares at ₹212 apiece (payable in cash) through the offer, which closes on February 4. Last November, Fairfax had purchased 45 per cent stake in Adi Finechem for a total consideration of ₹130 crore.

Published on January 20, 2016