Fairfax’s Odyssey Reinsurance offers Rs 500 crore debt to IIFL Finance for gold loans. Prem Watsa’s subsidiary provides secured, rated bonds at 9.5% coupon. ET’s comment requests to IIFL Finance and Fairfax go unanswered.
Indian equity benchmarks ended the week marginally lower amid sustained FII outflows and US-India trade uncertainty, though sentiment improved after a US Fed rate cut.
Foreign investors pulled out Rs 17,955 crore (USD 2 billion) from Indian equities in the first two weeks of this month, taking the total outflow
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