Fairfax India Holdings Corporation announces that the Toronto Stock Exchange 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, 2022.
Fairfax India Holdings Corporation announces that it has completed the second closing of its investment in Maxop Engineering Company Private Limited (“Maxop”).
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”).