Brief: Fairfax India Sells A 9.7% Equity Interest In CSB Bank
27/06/2024 04:47
June 26 (Reuters) - Fairfax India Holdings Corp
FIHu.TO :
* FAIRFAX INDIA SELLS A 9.7% EQUITY INTEREST IN CSB BANK
* GROSS PROCEEDS OF INR 5.9 BILLION
* AS A RESULT OF CSB BANK SALE, FAIRFAX INDIA'S SHARE
OWNERSHIP IN
CSB BANK WILL BE REDUCED TO 40%
* FAIRFAX INDIA WILL BE IN COMPLIANCE WITH RBI'S DILUTION
SCHEDULE.
* FAIRFAX INDIA SELLS A 9.7% EQUITY INTEREST IN CSB BANK
Source text for Eikon: ID:nGNX1wm8zM
Further company coverage: FIHu.TO
((Reuters.Briefs@thomsonreuters.com;))