Fairfax India completes offering shares for $500 million

Of this, $350 million was raised through private placement

Canadian investor Prem Watsa's Fairfax India Holdings Corporation has successfully raised $500 million through a public offering and private placement. Fairfax will use the proceeds to invest in public and private companies in India.

The company today said that the public offering, of 1,27,66,000 subordinate voting shares at a price of $11.75 per share, was underwritten by a syndicate co-led by RBC Capital Markets, Scotiabank and TD Securities Inc. Other underwriters included BMO Capital Markets, CIBC World Markets Inc, Cormark Securities Inc, National Bank Financial Inc, Canaccord Genuity Corp and Desjardins Securities Inc.

The underwriters have been granted