Fairfax India Holdings Corporation announces a net loss of $69.6 million in the second quarter of 2022 ($0.50 net loss per diluted share), compared to net earnings of $224.9 million in the second quarter of 2021 ($1.43 net earnings per diluted share).
Fairfax India Holdings Corporation announces net earnings of $55.8 million in the first quarter of 2022 ($0.38 net earnings per diluted share), compared to net earnings of $255.4 million in the first quarter of 2021 ($1.66 net earnings per diluted share), reflecting decreased net unrealized gains on investments and increased net foreign exchange losses, partially offset by a performance fee recovery and decreased income tax and interest expense.
Fairfax India Holdings Corporation is pleased to announce the results of the vote on Directors at its April 21, 2022 Annual Shareholders’ Meeting.
Fairfax India Holdings Corporation announces additional details regarding its upcoming annual shareholders’ meeting. The hybrid meeting will be held both in-person and virtually, as originally announced, on April 21, 2022 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 has filed a short form base shelf prospectus with the Canadian securities regulatory authorities in connection with Fairfax India’s universal shelf renewal.
Fairfax India Holdings Corporation announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd., has entered into an agreement to sell 9.8% of its shareholding in IIFL Wealth Management Limited (“IIFL Wealth”) to Bain Capital for INR14.49 billion (approximately $190.8 million at current exchange rates).
Fairfax India Holdings Corporation announces that it will be hosting its annual shareholders’ meeting both in-person and virtually, as originally announced, on Thursday, April 21, 2022. Our expectation is that many of the Presidents of our portfolio companies will be attending the meeting in-person to greet our guests and to answer any questions.
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has completed its investment of INR 2.45 billion (approximately $33 million at current exchange rates) for a 70% equity interest in Jaynix Engineering Private Limited (“Jaynix”).
Fairfax India Holdings Corporation announces fiscal year 2021 net earnings of $494.5 million ($3.22 net earnings per diluted share), compared to fiscal year 2020 net loss of $41.5 million ($0.27 net loss per diluted share), reflecting increased net unrealized and realized gains on investments, partially offset by increased performance fees and provision for income taxes.
Fairfax India Holdings Corporation announces that its annual shareholders’ meeting will be held on Thursday, April 21. At this time, Fairfax India is planning for an in-person meeting which will also be webcast; if there are any updates to this plan, Fairfax India will advise of those updates and provide further details on the meeting in a later announcement.