Fairfax sells 51% stake in Saurashtra Freight to Japan Co. for Rs 662 crore

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Fairfax India has sold its majority stake in Saurashtra Freight. The buyer is Japan's Kamigumi Co. Ltd. The deal is worth Rs. 662 crore. Fairfax India had bought the stake in 2017 for Rs. 200 crore. Saurashtra Freight operates a container freight station at Mundra Port. Kamigumi aims to expand its logistics business in India.