Prem Watsa

Narendra Modi will get elected as PM for two more terms, says Indo-Canadian business tycoon Prem Watsa

Narendra Modi will get elected as PM for two more terms, says Indo-Canadian business tycoon Prem Watsa

It's a huge boost and shot in the arm for BJP-led NDA government at the Centre!

Apr 10, 2016, 13:17 PM IST

IIFL Holdings jumps almost 3% on Fairfax open offer

Shares of IIFL Holdings rose almost 3 percent on Wednesday after Fairfax India Holdings announced an open offer to buy an additional 26 percent stake in the financial services firm.

Jul 15, 2015, 13:29 PM IST

IIFL Holdings shares zoom over 10% on Fairfax open offer

Shares of IIFL Holdings surged over 10 percent Tuesday after Canadian investor Prem Watsa's Fairfax India Holdings made an open offer to raise its stake in the financial firm to 26 percent.

Jul 14, 2015, 21:42 PM IST

Fairfax India makes open offer to raise stake to 26% in IIFL

Canadian investor Prem Watsa's Fairfax India Holdings today made an open offer to raise its stake to 26 per cent in financial firm IIFL Holdings for a total consideration of Rs 1,621 crore, valuing the company at around Rs 6,400 crore.

Jul 14, 2015, 15:14 PM IST

Fairfax's Watsa to buy Indian logistics firm NCMSL 

One of the sources said the deal, for a 70 to 75 percent stake in the commodities storage and services firm, could be worth $120 million to $150 million. 

Jun 26, 2015, 09:56 AM IST

BlackBerry completes $1 bn investment through debentures

Smartphone maker BlackBerry said it has concluded the private placement of debentures worth USD 1 billion with Prem Watsa-led Fairfax Financial Holdings and other institutional investors.

Nov 14, 2013, 22:41 PM IST

BlackBerry board rejected proposals to break up company: Report

BlackBerry stunned investors this week by abandoning plans to sell itself, naming a new interim chief executive, and announcing an $1 billion convertible notes issue.

Nov 09, 2013, 09:30 AM IST

No love lost for BlackBerry, Watsa after surprise deal

The investment deal with the Watsa-led group gives BlackBerry more time to come up with a new turnaround strategy.

Nov 06, 2013, 13:24 PM IST

'High-debt' deal not right for BlackBerry: Prem Watsa

Hyderabad-born IITian Prem Watsa, who has come to the rescue of BlackBerry by injecting a per cent1 billion investment into the Canadian company, says an outright takeover bid would have been a mistake.

Nov 05, 2013, 11:29 AM IST

BlackBerry loses $965 mn in 2nd quarter

Canadian tech pioneer BlackBerry, which earlier this week agreed to a USD 4.7 billion buyout, said Friday that it lost USD 965 million in the second quarter.

Sep 27, 2013, 18:41 PM IST

Fairfax's Watsa confident BlackBerry bid will succeed

Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its USD 4.7 billion bid for smartphone maker BlackBerry Ltd.

Sep 26, 2013, 09:00 AM IST

Fairfax's BlackBerry deal seeks to forgo Canada takeover review

The investor that has struck a tentative USD 4.7 billion deal to take smartphone maker BlackBerry Ltd private is aggressively touting his group's Canadian status to avoid the government reviews of foreign takeovers that have plagued recent attempts to buy Canadian companies.

Sep 25, 2013, 09:30 AM IST

Can Prem Watsa turn BlackBerry around?

Last weekend, BlackBerry withdrew the cross-platform BBM app – it has grown more popular than the BlackBerry device itself – citing issues with the unofficial app, and it has not disclosed when it would be re-launched.

Sep 25, 2013, 09:17 AM IST

Meet Prem Watsa - the BlackBerry Limited buyer!

Just over a year ago, Watsa said BlackBerry was a "Canadian success story," a good buy and a likely turnaround story even though its market share was tumbling.

Sep 24, 2013, 10:02 AM IST

Fairfax consortium bids $4.7 billion to take BlackBerry private

As an investor, Fairfax Chief Executive Prem Watsa is often described as the Canadian Warren Buffett because he also takes the long view.

Sep 24, 2013, 09:54 AM IST

Reactions: Fairfax-led consortium offers $4.7 billion for Blackberry

This is probably the best possible outcome of several unattractive options for BlackBerry.

Sep 24, 2013, 09:44 AM IST

India born Prem Watsa may bid for BlackBerry

Just over a year ago, Prem Watsa had said, Research in Motion, now re-named BlackBerry, was a "Canadian success story," a good buy and a likely turnaround story, despite declining market share.

Aug 16, 2013, 23:32 PM IST

Watsa to hold keys to a BlackBerry deal

BlackBerry Ltd is expected to draw preliminary interest from technology companies, buyout firms and Canadian pension funds, but its fate may ultimately rest in the hands of its largest shareholder, Prem Watsa's Fairfax Financial Holdings Ltd.

Aug 15, 2013, 19:17 PM IST