Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) announces that, through its wholly-owned subsidiary, it has completed the acquisition of an additional 3% equity interest in Bangalore International Airport Limited (“BIAL”) from Siemens Project Ventures GmbH, part of Siemens’ Financial Services (“SFS”), for consideration of $75 million (approximately INR 6.2 billion at current exchange rates).
Fairfax India Holdings Corporation announces that it has appointed the Honourable Jason Kenney as an independent director.
Fairfax India Holdings Corporation announces a net loss of $55.5 million in the first quarter of 2023 ($0.40 net loss per diluted share), compared to net earnings of $56.0 million in the first quarter of 2022 ($0.38 net earnings per diluted share).
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has entered into an agreement to acquire an additional 3% equity interest in Bangalore International Airport Limited (“BIAL”) from Siemens Project Ventures GmbH, part of Siemens Financial Services (“SFS”), for consideration of $75 million.
Fairfax India Holdings Corporation is pleased to announce the results of the vote on Directors at its April 20, 2023 Annual Shareholders’ Meeting.
Fairfax India Holdings Corporation announces additional details regarding its upcoming hybrid annual shareholders’ meeting. As disclosed in our annual meeting materials and on our website, the hybrid meeting will be held both in-person and virtually on April 20, 2023 and will commence at 2:00 p.m. Eastern Time, with the formal annual meeting and a presentation by Prem Watsa, Fairfax India’s Chairman and Chandran Ratnaswami, Fairfax India’s CEO, followed by a Q&A session, all of which will be webcast in real time.
Fairfax India Holdings Corporation announces fiscal year 2022 net earnings of $191.4 million ($1.34 net earnings per diluted share), compared to 2021 net earnings of $494.5 million ($3.22 net earnings per diluted share). The company’s book value per share at December 31, 2022 of $19.11 represented a compound annual growth rate of 8.5% (8.7% prior to the performance fee described below) from the initial public offering price of $10.00 per share.
Fairfax India Holdings Corporation announces that it has appointed Mr. R. William (Bill) McFarland as an independent director.
Fairfax India Holdings Corporation regrettably announces the passing of Alan Horn, who served as an Independent Board Member on the Company’s Board of Directors and Chair of the Audit Committee. Alan was a seasoned and devoted company executive who joined Rogers Communications in 1990 and worked in a variety of executive roles and served on various Rogers boards (including as Chair) for more than 25 years.
Fairfax India Holdings Corporation announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd. has completed its previously announced sale of 9.8% equity interest in IIFL Wealth Management Limited (“IIFL Wealth”) to Bain Capital for gross proceeds of approximately $172 million (approximately INR14.0 billion at current exchange rates).