GVK Power & Infrastructure Limited (GVKPIL.NS)

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  • Financial Times12 days ago

    [$$] L&T wants India's banks to swallow more losses

    A distressed asset crisis in India's infrastructure sector is slicing a full percentage point from national growth, according to the head of the country's biggest engineering and construction group, who ...

  • Reuters7 months ago

    Fairfax India to invest $300 mln in Sanmar Chemicals

    MUMBAI/TORONTO April 8 (Reuters) - Fairfax India Holdings said on Friday it has agreed to acquire a minority stake in privately held Indian petrochemical company Sanmar Chemicals via a roughly $300 million investment. The Sanmar investment is the latest in a string of bets Fairfax India and its sister concern Fairfax Financial Holdings Ltd have made in the country within the last year. The two entities are chaired by Canadian billionaire Prem Watsa.

  • Reuters7 months ago

    Fairfax in talks to invest about $300 mln in India's Sanmar-sources

    Fairfax India Holdings Corp is close to acquiring a minority stake in privately-held Indian petrochemical company Sanmar Chemicals Group via a roughly $300 million investment in the company, according to two sources familiar with the matter. The investment in Sanmar, may be paired with a smaller cash infusion from Fairfax India's larger sister entity, Fairfax Financial Holdings Ltd. That would give the two entities - both chaired by Canadian billionaire Prem Watsa - a roughly 30 percent stake in Sanmar, said the two sources, who declined to be named as the talks are private. The sources said Fairfax may consider investing in both the equity and debt of Sanmar.