09:47 AM EST - Fairfax India Holdings Corporation : Announces that CSB Bank Limited has filed a draft red herring prospectus with the Securities and Exchange Board of India in connection with an initial public offering. The IPO will mainly consist of secondary shares with existing CSB Bank shareholders selling up to 19.78 million CSB Bank equity shares through an offer for sale. Fairfax India does not plan to sell any shares in connection with the IPO. CSB Bank may raise up to INR 300 million (approximately $4.2 million at current exchange rates) in the IPO by issuing fresh equity shares. Fairfax India Holdings Corporation
shares T.FIH.U are trading down $0.15 at $12.41.
