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.

— Dealstreetasia

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.

2019-03-29

Deal value: $72.1m / INR 5000m

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