valueinvesting101 Posted February 18, 2018 Share Posted February 18, 2018 https://economictimes.indiatimes.com/industry/banking/finance/fairfax-to-buy-51-in-catholic-syrian-bank/articleshow/62964948.cms IIFL's demerger makes more sense after this news. https://economictimes.indiatimes.com/industry/banking/finance/iifl-holdings-to-demerge-capital-wealth-finance-business-in-one-year/articleshow/62776055.cms During IIFL conference call, they did mention one of the motivation was easier regulatory approval. Could this be step along with demerger of IIFL to create bigger bank by merging Catholic Syrian Bank and IIFL? Link to comment Share on other sites More sharing options...
wondering Posted February 18, 2018 Share Posted February 18, 2018 Very good news if this deal goes through. Patience is definitely a virtue. First offer of 1300 Crore Rupees rejected, a year later the offer of 1200 Crore Rupees is proposed. If my math is correct, is this around $18M US, or is it $180M USD? Link to comment Share on other sites More sharing options...
drzola Posted June 17, 2020 Share Posted June 17, 2020 Next CEO? https://www.moneycontrol.com/news/business/companies/axis-banks-pralay-mondal-likely-to-join-fairfax-backed-catholic-syrian-bank-5418001.html Link to comment Share on other sites More sharing options...
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