Fairfax India SV USF (TSE:FIH.U) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Fairfax India Holdings Corporation, a company focused on Indian investments, has announced the sale of a 9.7% stake in CSB Bank for approximately $70 million, reducing its ownership to 40% to meet the Reserve Bank of India’s regulatory requirements. The divestiture ensures Fairfax India’s adherence to the RBI’s mandate, positioning the company for future compliance and capital appreciation within the Indian market.
For further insights into TSE:FIH.U stock, check out TipRanks’ Stock Analysis page.
