Mumbai: Catholic Syrian Bank (CSB) is once again considering going public as talks for a private stake sale to Canadian billionaire Prem Watsa’s Fairfax Financial Holdings have fallen through, two people aware of the development said. “An IPO (initial public offering) is back on the table for Catholic Syrian Bank. For now, they are exploring an IPO and continue to explore a private stake sale,” said one of the persons cited above, requesting anonymity as the negotiations are private. The bank was looking at an initial public offering before it started talking to private investors such as Fairfax. In June 2015, markets regulator Securities and Exchange Board of India had approved its public offering.

Source: Mint July 12, 2017 21:00 UTC