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Prem Watsa, known as the Warren Buffett of Canada, is the founder of Fairfax Financial Holdings. Fairfax has been increasing stakes in Indian companies, prominent among them apart from Quess Corp are Thomas Cook and Bangalore International Airport.
/PRNewswire/ -- The "Global Luxury Travel Market Report by Type of Tour, Age Group, Type of Traveller, and Region 2023-2028" report has been added to...
India News: Fairbridge Capital (Mauritius) Limited (FCML) on Monday said it has completed an offer for sale (OFS) of four crore equity shares of Thomas Cook (Indi
Fairbridge Capital (Mauritius) Ltd continues to be the majority shareholder and promoter of Thomas Cook (India) Ltd and holds 30 crore shares — which is higher than the number of shares it held prior to the funds injected in March 2021 (24.8 crore shares), while increasing the floating stock available to minority shareholders.
Thomas Cook (India) Ltd.'s promoter entity Fairbridge Capital (Mauritius) Ltd. cut 8.5% stake in the company via an offer for sale. The promoter sold 4 crore equity shares of Thomas Cook, with a face value of Rs 1 each on Nov. 30 and Dec. 1, an exchange filing said. Post the stake sale, the promoters' stake will be reduced from 72.34% to 63.84%.