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Fairfax to buy 51% in Catholic Syrian Bank


valueinvesting101
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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?

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