more-inNon-resident Indian Sura Chansri Chawla is reported to have struck a deal with the Bhansalis of Enam group to sell the entire remaining part his stake in Thrissur-based Catholic Syrian Bank Ltd. (CSB). The sale is believed to have been done at a price of about ₹160 a share. Queried on the exact sale price, he, however, said he would not hazard any guess,Sources indicated that the reported sale price of Rs. 160 a share would definitely set the bench-mark for any future sale of the bank shares. The deal comes at a time when Fairfax was widely reported to be contemplating equity stake in the Thirusur-based private sector bank.

Source: The Hindu May 16, 2017 13:41 UTC