April 8 (Reuters) - Fairfax India Holdings Corp FIHu.TO ,
part of Canadian billionaire Prem Watsa's Fairfax Holdings, said
it would invest $300 million in privately held Indian
petrochemical company Sanmar Chemicals Group through a
combination of equity and fixed-income securities.
Fairfax India will acquire a 30 percent equity ownership in
Sanmar as a result of the investment, Fairfax India said on
Friday.
Reuters had earlier reported that Fairfax India is close to
acquiring a minority stake in Sanmar, citing sources familiar
with the matter.