India presents a fast-growing market with GDP growth of 5%-8% annually, which investors are increasing looking to be a part of.
Fairfax India Holdings, a subsidiary of Canadian renowned investor Prem Watsa's firm Fairfax Financial, presents a value buy.
It's an open arbitrage situation with current book value and market value discrepancy due to a combination of classic inefficient dissemination of market information and hedge-fund-like nature of the company.
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