Fairfax India Holdings Corporation is pleased to announce that Gopalakrishnan (Gopal) Soundarajan has been appointed Chief Operating Officer of Fairfax India.
Fairfax India Holdings Corporation announces that it has entered into an agreement to invest, in aggregate, up to INR 4.88 billion (approximately $66 million at current exchange rates) for a 67% equity interest in Maxop Engineering Company Private Limited in two transactions.
Fairfax India Holdings Corporation announces that it has completed its previously announced sale of approximately 11.5% (on a fully-diluted basis) of its interest in Anchorage Infrastructure Investments Holdings Limited (“Anchorage”) for gross proceeds of INR 9.5 billion (approximately $129 million at current exchange rates).
Fairfax India Holdings Corporation announces that it has received all regulatory approvals required to complete the previously announced transaction to sell approximately 11.5% (on a fully-diluted basis) of its interest in Anchorage Infrastructure Investments Holdings Limited (“Anchorage”) for gross proceeds of approximately INR 9.5 billion (approximately $129 million at current exchange rates).
Fairfax India Holdings Corporation announces today the completion of its substantial issuer bid initially announced on June 15, 2021. Fairfax India has taken up and paid for 7,046,979 subordinate voting shares (the “Shares”) at a purchase price of US$14.90 per Share (the “Purchase Price”).
Fairfax India Holdings Corporation announced today the preliminary results of its substantial issuer bid initially announced on June 15, 2021 (the “Offer”), pursuant to which the Company offered to purchase for cancellation a number of its subordinate voting shares (“Shares”) for an aggregate purchase price not to exceed US$105 million at a purchase price of not less than US$12.50 and not more than US$15.00 per Share.
Fairfax India Holdings Corporation announces that Chemplast Sanmar Limited (“CSL”), a subsidiary of Sanmar Chemicals Group (“Sanmar”) has filed a red herring prospectus with the Registrar of Companies in connection with its initial public offering.
Fairfax India Holdings Corporation announces net earnings of $224.9 million in the second quarter of 2021 ($1.43 net earnings per diluted share), compared to net earnings of $52.4 million in the second quarter of 2020 ($0.35 net earnings per diluted share), reflecting increased net realized and unrealized gains on investments, partially offset by increased performance fees, provision for income taxes, and net foreign exchange losses.
Fairfax India Holdings Corporation announces that its Board of Directors has authorized, and the Company has formally commenced, a substantial issuer bid (the “Offer”), pursuant to which the Company will offer to repurchase for cancellation up to US$105 million of its subordinate voting shares (the “Shares”) from shareholders for cash.
Fairfax India Holdings Corporation announces that Chemplast Sanmar Limited (“CSL”), a subsidiary of Sanmar Chemicals Group (“Sanmar”), has filed a draft red herring prospectus with the Securities and Exchange Board of India (“SEBI”) in connection with its proposed initial public offering (the “IPO”).