The IIT Madras alumni, Prem Watsa, who was in the news a few months ago with the buyout of Ikya Human Capital, has once again caught headlines as he placed a bid to buy out the troubled BlackBerry Limited for USD 4.7 billion. Watsa leads the North America based company Fairfax Financials. Toronto-based Fairfax is a financial holding firm engaged in property, casualty & life insurance and re-insurance, investment management and insurance claims management.

Read the Financial Express news report here.