Prem Watsa's Fairfax India-backed Catholic Syrian Bank gears up for listing
Catholic Syrian Bank has hired Axis Capital Ltd to manage a listing that may involve a ₹400 crore IPO, says CEO C.V.R. Rajendran
RBI has told Catholic Syrian Bank, in which Fairfax holds 51% stake, that it should list its shares before 30 September
Mumbai: Canadian investor Prem Watsa’s Indian bank has started preparations for a stock market listing this year, its chief executive said. Catholic Syrian Bank Ltd, in which Watsa’s Fairfax India Holdings Corp. received approval to take a controlling stake, is gearing up for a listing that may involve a ₹400 crore ($58 million) initial public offering (IPO), according to chief executive officer C.V.R. Rajendran.