Rare Indian Shares ( by Ashwani K Aggarwal ): Catholic Syrian Bank- Fairfax to Acquire 51% Stake With 15% Voting Rights

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July 13, 2017

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KOCHI: Dated 01-12-2016 -The Catholic Syrian Bank (CSB) on Wednesday confirmed that Canadian billionaire Prem Watsa’s Fairfax India Holdings would acquire 51 per cent stake in the bank. Meeting media in Kochi after the board meeting of the bank at its headquarters in Thrissur, CSB Chairman S Santhanakrishnan said Fairfax India would invest Rs 1,000 crore in the bank and the deal was likely to be closed by March 2017. He said the CSB was not worried about Fairfax acquiring the stake because it will have voting rights only for 15 per cent.-----

For More / Source

Please Click :-

http://www.newindianexpress.com/states/kerala/2016/dec/01/fairfax-india-to-acquire-51-per-cent-stake-in-keralas-catholic-syrian-bank-1544381.html

http://www.livemint.com/Companies/lJU16MfCSb9VQG2EhphBMK/Prem-Watsas-Fairfax-gets-initial-approval-to-buy-Catholic-S.html

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Please , also, click this link for an OLD but informative Post of Catholic Syrian Bankj

http://www.rareindianshares.info/2016/09/catholic-syrian-bank-plans-to-raise.html

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For Q1 ( 3 months ending 30/06/2016 ) Results , please click :-

Q1 and Q2 ( 6 months ending 30/09/2016 )

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For Annual Report 2015-16, please click :-

It appears some shares of Catholic Syrian Bank are available, for sale / purchase with Share Dealers of Unlisted Shares ( Please Recheck this )