Fairfax Group acquires 65% in Global Aluminium for $83-M

Canada-based investor Fairfax, via Fairfax India Holdings Corporation, has acquired a 65% stake in Hyderabad-based aluminium extrusions manufacturer Global Aluminium for USD 83 million (INR 695.5 crore).Founded in 1996, Global Aluminium makes anodized and powder-coated aluminium products. It has customers across architecture, renewable energy and automotive segments as well as electronics and electrical industries.