WATSA’S FAIRFAX INDIA TO BUY 74% IN LOGISTICS FIRM
MUMBAI: Fairfax India Holdings, a fund set up by Canadian investor Prem Watsa to target Indian assets, on Monday said it would buy a 74% stake in commodities storage and services firm National Collateral Management Services (NCMS) for `800 crore. “We are looking forward to investing in NCMS, which, under the leadership of its CEO, Sanjay Kaul, will continue to build on its position as the largest private sector agriculture warehouse and grain collateral storage company in India,” Watsa said.