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.
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiary (collectively, “Fairfax India”), it has entered into an agreement to acquire an additional 10% of the outstanding shares of Bangalore International Airport Limited (“BIAL”) from Bangalore Airport & Infrastructure Developers Private Limited, a wholly-owned subsidiary of GVK Power and Infrastructure Limited for an aggregate investment of approximately INR 12.9 billion (approximately $200 million at current exchange rates).
Fairfax India Holdings Corporation announces net earnings of $149.0 million in the first quarter of 2017 ($1.05 net earnings per basic and diluted share) compared to net earnings of $0.7 million in the first quarter of 2016 ($0.01 net earnings per basic and diluted share), reflecting net unrealized gains on investments. Book value per share of $12.19 at March 31, 2017 increased from $10.25 at December 31, 2016.
Fairfax India Holdings Corporation is pleased to announce the results of the vote on Directors at its April 20, 2017 Annual Shareholders’ Meeting.
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 38% of the outstanding shares of Bangalore International Airport Limited for an aggregate consideration of approximately INR 25.22 billion (approximately $385 million at current exchange rates).
Fairfax India Holdings Corporation announces fiscal year 2016 net earnings of $107.8 million ($1.01 net earnings per basic and diluted share) compared to fiscal year 2015 net earnings of $40.9 million ($0.42 net earnings per basic and diluted share), reflecting increased net unrealized gains on investments. Book value per share of $10.25 at December 31, 2016 increased from $9.50 at December 31, 2015.
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 51% of the outstanding shares of Saurashtra Freight Private Limited for an aggregate consideration of approximately INR 2 billion (approximately $30 million at current exchange rates).
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiary (collectively, “Fairfax India”), it has entered an agreement to invest INR 2 billion (approximately $30 million at current exchange rates) for a 51% equity ownership in Saurashtra Freight Private Limited (“Saurashtra Freight”).