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Fairfax sells 51% stake in Saurashtra Freight to Japan Co. for Rs 662 crore
The Economic Times· 2025-09-12 13:08
Core Insights - Fairfax India has divested its majority stake in Saurashtra Freight to Japan's Kamigumi Co. Ltd for Rs. 662 crore, marking a significant transaction in the logistics sector [1] - The stake was originally acquired by Fairfax India in 2017 for Rs. 200 crore, indicating a substantial appreciation in value over the holding period [1] - Saurashtra Freight operates a container freight station at Mundra Port, a strategic location for logistics operations in India [1] - Kamigumi's acquisition aligns with its strategy to expand its logistics business in the Indian market [1]