Business
Fairfax India Announces Sale of Equity Interest in Saurashtra Freight Private Limited
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES (...
About this update from Fairfax India Holdings Corp
[{"type":"text","content":"Fairfax India Announces Sale of Equity Interest in Saurashtra Freight Private Limited\n\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n\n (\n \n\n\n\n\n Note\n \n\n\n\n\n : All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted.)\n \n\n\n\n TORONTO, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd has entered into an agreement to sell its 51% equity interest in Saurashtra Freight Private Limited (“Saurashtra”) to Kamigumi Co., Ltd., a Japanese logistics company for INR 6,622 million (approximately US$75 million at current exchange rates). The transaction is subject to customary closing conditions and approvals and is expected to close in the fourth quarter of 2025. Upon closing of the transaction, Fairfax India will cease to own any shares in Saurashtra.\n \n\n “We would like to thank Raghav Agarwalla, Founder of Saurashtra, for a wonderful partnership over the past 8 years. Saurashtra was one of Fairfax India’s early investments and under the able leadership of Raghav, Saurashtra consistently produced great financial results while continually achieving one of the highest market shares in the container freight stations business at Mundra Port. We wish Raghav continued success in all of his future endeavors,” said Prem Watsa, Founder of Fairfax India.\n \n\n Raghav Agarwalla, Founder of Saurashtra commented, “This transaction marks the conclusion of a cherished and memorable chapter in Saurashtra’s journey. Over the past eight years, Fairfax India has been an incredible partner, helping us grow the business multi-fold and supporting our ambitions with steady confidence. I would like to personally thank Prem for his unwavering support of me and the company. Fairfax India has played a pivotal role in transforming Saurashtra into a business worthy of becoming part of the highly respected Kamigumi Group.”\n \n\n\n About Fairfax India\n \n\n\n Fairfax India is an investment holding company whose objective is to achieve long term capital appreciation, while preserving capital, by investing in public and private equit...