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AZB for Fairfax on $72m investment in ELP’s Seven Islands Shipping

Fairfax India Holdings Corp, part of Canadian billionaire Prem Watsa’s Fairfax Holdings, on Friday announced that it has invested approximately $72.1 million (Rs 500 crore) for a significant minority stake in Seven Islands Shipping Ltd.


AZB & Partners advised FIH Mauritius Investments Ltd, a wholly owned subsidiary of Fairfax India Holdings Corporation led by a team of partners Roxanne Anderson, Kunal Kumbhat, and associates Palak Khandelwal, Rina Goyal, Rashmee Kumar, Sahaj Badaya, Saloni Bhandari, Archika Dudhwewala, Sahaj Badaya and Aditi Shukla.

Economic Laws Practice advised Seven Islands Shipping Limited led by a team including partners Darshan Upadhyay and Shyam Pandya, and associate manager Aasim Syed.


Deal value: $72.1m / INR 5000m

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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