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Fairfax’s Prem Watsa cast eyes wider on India infrastructure
February 21, 2021
Prem Watsa. File photo - REUTERS×
Scanning railway station re-development and port opportunities
Fairfax Financial Holdings Ltd, the Toronto, Ontario-based financial holding company owned by Indian born businessman Prem Watsa, is prepping up for a bigger play in the Indian infrastructure sector beyond airports such as railway station re-development and port development and operation.
Multiple people familiar with the plan said that Fairfax through its newly created wholly owned Indian unit, Anchorage Infrastructure Investments Holdings Limited (Anchorage), has applied on nine railway station re-development tenders for New Delhi, Chhatrapati Shivaji Maharaj Terminus, Gwalior, Nagpur, Tirupathi, among others.
Fairfax preps for bigger play in infra sector
February 21, 2021
Scanning railway station re-development and port opportunities
Fairfax Financial Holdings Ltd, Toronto, Ontario-based financial holding company owned by Indian-born businessman Prem Watsa, is prepping up for a bigger play in Indian infrastructure sector beyond airports such as railway station re-development and port development and operation.
Multiple people familiar with the plan said that Fairfax through its newly created wholly-owned Indian unit, Anchorage Infrastructure Investments Holdings Limited (Anchorage), has applied on nine railway station re-development tenders for New Delhi, Chhatrapati Shivaji Maharaj Terminus, Gwalior, Nagpur, Tirupathi, among others.
“Anchorage will be the flagship company and platform for investing in companies and businesses and for bidding on all infrastructure tenders including the next round of airports to be auctioned,” one of the persons, a banker with the knowledge of t
Fairfax Financial Holdings Ltd., which took a majority stake in Boat Rocker in 2015, will hold approximately 44 per cent of outstanding shares post-IPO, according to the company’s prospectus
The Globe and Mail Published February 8, 2021 Bookmark
Warren Buffett transformed Berkshire Hathaway Inc. from a small textile firm into a gigantic insurance-focused conglomerate. It now sports a book value of US$415-billion – the largest in the S&P 500.
Something called float helped power its growth.
Francis Chou pointed out the importance of float to his friend Prem Watsa, who put the knowledge to work soon after when he gained control of Fairfax Financial Holdings Ltd. , then known as Markel Financial, in 1985.
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Mr. Watsa increased Fairfax’s book value with gusto over the long term. It climbed from US$7.6-million in 1985 to US$12.9-billion as of the most recent quarter.