Fairfax India Holdings Corporation announces that it has filed and is in the process of delivering its management proxy circular and form of proxy or voting instruction form in respect of its special meeting of Fairfax India shareholders to approve a one-time deviation from the Company’s investment concentration restriction.
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has entered into an agreement to acquire an additional 10% equity interest in Bangalore International Airport Limited from Siemens Project Ventures GmbH, part of Siemens Financial Services.
Fairfax India Holdings Corporation announces net earnings of $34.0 million in the third quarter of 2024 ($0.25 net earnings per diluted share), compared to net earnings of $133.0 million in the third quarter of 2023 ($0.93 net earnings per diluted share).
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has completed its previously announced investment in Global Aluminium Private Limited (“Global Aluminium”) for INR 6,955 million (approximately $83 million at current exchange rates) of which the Company has retained INR 700 million (approximately $8.3 million at current exchange rates) until the sellers complete certain post-closing obligations.
Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) announces that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Fairfax India of its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares through the facilities of the TSX (or other alternative Canadian trading systems) effective September 30, 2024.
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has entered into an agreement to invest INR 6,955 million (approximately $83 million at current exchange rates) for a 65.0% interest in Global Aluminium Private Limited
Fairfax India Holdings Corporation announces increased net earnings of $254.1 million in the second quarter of 2024 ($1.88 net earnings per diluted share), compared to net earnings of $159.3 million in the second quarter of 2023 ($1.12 net earnings per diluted share) primarily due to higher net gains on investments.
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd has sold a 9.7% equity interest in CSB Bank Limited (“CSB Bank”) over the stock exchange in India (the “CSB Bank Sale”) for gross proceeds of INR 5.9 billion (approximately $70 million at current exchange rates) in order to comply with the dilution requirements of the Reserve Bank of India (“RBI”), the banking regulator in India.
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that Prem Watsa, Chairman of Fairfax India’s board since 2015 will step down as Chairman and Benjamin (Ben) Watsa will be appointed as Chairman of the Company’s board effective July 1, 2024.
Fairfax India Holdings Corporation announces a net loss of $293.5 million in the first quarter of 2024 ($2.17 net loss per diluted share), compared to a net loss of $55.5 million in the first quarter of 2023 ($0.40 net loss per diluted share). Book value per share decreased 10.1% to $19.65 at March 31, 2024, from $21.85 at December 31, 2023, primarily due to unrealized losses recorded on the company’s listed investments.