Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Industry News

| More

Catholic Syrian Bank announces proposed investment by Fairfax India

Posted On: 2018-02-18 05:15:47

Catholic Syrian Bank is pleased to announce to its stakeholders that Fairfax India Holdings Corporation has formally indicated its continued interest in investing 51% in the share capital of the Bank at a mutually agreed price of Rs. 140 per share. The investment is subject to customary closing conditions, such as completion of required legal documentation and receipt of all applicable board, shareholder and regulatory approvals, including the approval of the Reserve Bank of India and the Competition Commission of India.

Fairfax India is a Canadian investment holding company that invests in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India. It is headquartered in Toronto, Canada and trades under the symbol "FIH.UN" on the Toronto Stock Exchange.

Catholic Syrian Bank has taken various initiatives in the past few years to reinvent itself in the highly competitive banking space and the proposed Fairfax India investment will boost these efforts in a substantial manner.

The Directors and Management of the Bank are obliged to the Bank's stakeholders, especially to its existing shareholders and highly committed employees for their continued co-operation as we work to bring the Bank to its old glory.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

AVIVA launches Online Will Writing Service to Promote Financial Literacy

Chrysalis raises funding from Social Impact Investors Menterra and Artha

ICAI invites comments on Valuation Standards

Maharashtra New DP plan 2034 notification - Mr. Niranjan Hiranandani, President NAREDCO

Sterlite Power's OPGW facility receives 17025:2005 accreditation by NABL

Amazon.in adds 6 new fulfilment centers for Large Appliances and Furniture

Asset Management Firm Samvitti Capital launches new Alternative Investment Fund

ICAI committed to conclude the disciplinary process against those found involved in the PNB scam

Fintech startup BuyForexOnline looks to raise $2m for its next phase of growth

Wipro Consumer Care and Lighting forays into home automation space

KIFS Tade capital launches interactive Chatbot service #AskSubbu

Moneycontrol becomes India's first financial platform to launch a dedicated section on Cryptocurrency

DBS Group Chairman Peter Seah conferred Institute of Directors (IOD), India Distinguished Fellowship

Essar concludes sale of Aegis to Capital Square Partners for US $ 300 Million (Approximately Rs.2,000 crore)

ESAF Small Finance Bank kicks off operations in Mumbai

2.0 Audio Launch Sets Benchmark for International Film Events in Dubai

BSE and Ebix Sign MOU to Launch Joint Venture Company

Comments on on 'Pradhan Mantri Sahaj Bijli Har Ghar Yojana' - Power for All

SVC Bank launches hassle-free ASBA facility for IPOs

Flipkart's Big Billion Days To Kick In From September 20

Genpact Acquires Digital Customer Experience Consulting Firm TandemSeven

PAYBACK India Announces Appointment of new CEO

IndiaFirst Life acknowledged with Social Inclusion Award 2017 by Fintelekt

Apollo Munich Launches India's First Travel Insurance Chatbot - 'Travel Ninja'

On its run up to an IPO, ShopClues appoints Deepak Sharma as CFO

Cognizant Opens New Digital Business Collaboratory in London

Morphy Richards appoints J Walter Thompson as their creative agency

edX partners with IL&FS / IFIN to launch learning academy

PAYBACK India wins the Best Loyalty Program 2017 award at CMO Asia 'National Awards for Marketing Excellence'

Hyundai Launches the Most Unique & Global 'Online Buying Experience'- 'HyBuy'

Myntra launches The Game of Thrones collection ahead of the much awaited season 7

DBS Bank Strengthens India franchise on 24% growth in advances and 15% in deposits during FY 2016-17

Apollo Munich Health Insurance ranked as top 'Great place to Work' in Indian Insurance Sector

92.7 BIG FM's New and Refreshed Stationality in Bengaluru, Celebrates Music With 'Sandalwood Jothe Bollywood Blast'

Omega Healthcare inaugurates 4th facility in Trichy

Broadridge Opens Fourth Office in India in Bangalore

Myntra targets 25x sales; 4 lakh new customers during the 6th edition of its flagship - 'End of Reason Sale'!

ARQ Midcap stocks gives its investors' 42.66% return on investments

Now check Train PNR status after booking tickets on Paytm

LANXESS to streamline the chrome value chain of its leather business

BankBazaar android app crosses 1Million downloads

Amazon.in launches 'GST Caf├ęs' to train sellers on GST compliance

Overnite Express looking for franchise to expand all across the country

Salman Khan's Tubelight to be released across 4400 screens in India

Paytm introduces zero cancellation-handling fees for flight tickets

Finvasia introduces Zero brokerage trading - The new age of stock trading arrives

AGS Transact Technologies Limited to implement Automatic Fare Collection system for the Kochi Metro

LANXESS expects best results in company history in 2017

NIIT University (NU) addresses IT industry's urgent need for Next Gen digitally skilled engineers

Union Ministry of Food Processing Industries launches World Food India Website www.worldfoodindia.in





Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018