Fairfax India Holdings Corporation is pleased to announce that it has entered an agreement to invest INR 12.1 billion (approximately $186 million at current exchange rates) for a 51% equity ownership in The Catholic Syrian Bank Ltd. (“CSBL”). The investment is subject to customary closing conditions and is expected to close in the first half of 2018.
Fairfax India Holdings Corporation is pleased to announce that it has formally indicated its non-binding interest in investing in 51% of the share capital of The Catholic Syrian Bank Ltd. (“CSBL”) for a purchase price of Rs 140 per share.
Fairfax India Holdings Corporation announces fiscal year 2017 net earnings of $452.5 million ($2.94 net earnings per diluted share) compared to fiscal year 2016 net earnings of $107.8 million ($1.01 net earnings per diluted share), reflecting increased net unrealized gains on investments.
Fairfax India Holdings Corporation announces that, in connection with its previously-announced normal course issuer bid effective October 6, 2017 (the “NCIB”), Fairfax India has entered into an automatic share purchase plan (the “ASPP”) with a designated broker to allow for the purchase of its Subordinate Voting Shares under the NCIB at times when Fairfax India normally would not be active in the market due to applicable regulatory restrictions or internal trading black-out periods.
Fairfax India Holdings Corporation has filed a final short form base shelf prospectus with the Canadian securities regulatory authorities.
Fairfax India Holdings Corporation announces a net loss of $53.2 million in the third quarter of 2017 ($0.36 net loss per basic and diluted share) compared to net earnings of $66.4 million in the third quarter of 2016 ($0.62 net earnings per basic and diluted share), reflecting lower net unrealized gains on investments.
Fairfax India Holdings Corporation announces that the Toronto Stock Exchange (the “TSX”) 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).
Fairfax India Holdings Corporation announces net earnings of $268.6 million in the second quarter of 2017 (net earnings of $1.82 per basic share and $1.74 per diluted share) compared to net earnings of $38.3 million in the second quarter of 2016 (net earnings of $0.36 per basic and diluted share), reflecting higher net unrealized gains on investments. Book value per share of $14.08 at June 30, 2017 increased from $10.25 at December 31, 2016, an increase of 37.4%.
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiary (collectively, “Fairfax India”), it has completed its previously announced acquisition of an additional 10% of the outstanding shares of Bangalore International Airport Limited from Bangalore Airport & Infrastructure Developers Private Limited, a wholly-owned subsidiary of GVK Power and Infrastructure Limited, for an investment of approximately INR 12.9 billion (approximately $200 million at current exchange rates).
Fairfax India Holdings Corporation is pleased to announce that it has completed a $400 million, 1-year secured term loan with a Schedule I Canadian bank.