Buy Catholic Syrian Bank (CSB) Unlisted Shares at Best Rates

CSB unlisted shares
CSB plans IPO by year end

The Catholic Syrian Bank (CSB) is a leading private sector bank with its headquarters at Thrissur, Kerala. It is one of the oldest banks which began operations on 26 November 1920. It is a full service bank offering Neighborhood Banking, NRI Services, SME and Wholesale banking services. At present, the bank has a network of over 430 branches and more than 240 ATMs across India. The bank also plans to open more number of branches in a phased manner.

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Catholic Syrian Bank (CSB) Unlisted shares details:
Sector: Private sector bank
Face Value: Rs 10
Book Value: Rs 109
ISIN: INE679A01013

Recent developments:
Prem Watsa’s Fairfax India-backed Catholic Syrian Bank gears up for listing
Canadian investor Prem Watsa’s Indian bank has started preparations for a stock market listing this year, its chief executive said. Catholic Syrian Bank (CSB), in which Watsa’s Fairfax India Holdings Corp. received approval to take a controlling stake, is gearing up for a listing that may involve a Rs 400 crore ($58 million) initial public offering (IPO), according to chief executive officer C.V.R. Rajendran.
At the same time, the RBI told privately held Catholic Syrian Bank that it should list its shares before 30 September this year, according to Fairfax India’s latest annual report.
Source: Livemint

Catholic Syrian Bank announces proposed investment by Fairfax India

Catholic Syrian Bank announced that Fairfax India Holdings Corporation has formally indicated its continued interest in investing 51% in the share capital of the Bank at a mutually agreed price of Rs 140 per share.

Fairfax India is a Canadian investment holding company that invests in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India. It is headquartered in Toronto, Canada and trades under the symbol “FIH.UN” on the Toronto Stock Exchange.

Catholic Syrian Bank has taken various initiatives in the past few years to reinvent itself in the highly competitive banking space and the proposed Fairfax India investment will boost these efforts in a substantial manner.
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