Fairfax India Holdings Corporation (OTCPK:FFXD.F) entered into an agreement to acquire a 70% stake in Jaynix Engineering Pvt Ltd for INR 2.4 billion on January 25, 2022. Nikhil and Ninad will continue in their roles as Managing Director and Executive Director upon closing of the transaction. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022.

AZB & Partners acted as legal advisor to Fairfax India Holdings Corporation.