Canada-based Fairfax India Holdings Corporation has entered into an agreement with existing shareholders of ADI Finechem Ltd (ADI) to acquire 45 per cent stake in the Indian company for a total consideration of nearly $20 million (Rs.130 crore).
The transaction is being routed by Fairfax India Holdings Corporation through its wholly-owned subsidiaries (collectively, “Fairfax India”). Fairfax India will acquire the outstanding shares of publicly-listed ADI at a price of Rs 212 per share, ADI said in a BSE filing.
