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Fairfax-backed Catholic Syrian Bank may launch ₹400 crore IPO – 28.03.2019

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 CEO C. VR. Rajendran.

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