Fairfax India Holdings Corporation announces net earnings of $255.4 million in the first quarter of 2021 ($1.66 net earnings per diluted share), compared to a net loss of $253.8 million in the first quarter of 2020 ($1.67 net loss per diluted share), reflecting increased net unrealized gains on investments and decreased net foreign exchange losses, partially offset by increased performance fees and provision for income taxes.
Fairfax India Holdings Corporation announces that it has entered into an agreement to sell its 48.8% shareholding in Privi Speciality Chemicals Limited to certain entities affiliated with Mahesh P Babani and D B Rao for INR 12.2 billion (approximately $163 million at current exchange rates).
Fairfax India Holdings Corporation is pleased to announce the results of the vote on Directors at its April 15, 2021 annual shareholders’ meeting.
Fairfax India Holdings Corporation announces that, due to the COVID-19 pandemic, its April 15 annual meeting will be held virtually, commencing at 2:00 p.m. Eastern Time, with a video webcast of 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.
Fairfax India Holdings Corporation has completed its previously announced offering of US$500 million in aggregate principal amount of 5.000% Senior Notes due 2028 (the “Notes”).
Fairfax India Holdings Corporation announces that it has priced a private offering of US$500,000,000 of senior notes due 2028 (the “Notes”) at an issue price of 100%. The Notes will be unsecured obligations of Fairfax India and will pay a fixed rate of interest of 5.000% per annum.
Fairfax India Holdings Corporation announces that Seven Islands Shipping Limited (“Seven Islands”) has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”) in connection with an initial public offering (the “IPO”).
Fairfax India Holdings Corporation announces fiscal year 2020 net loss of $41.5 million ($0.27 net loss per diluted share), compared to fiscal year 2019 net earnings of $516.3 million ($3.30 net earnings per diluted share), reflecting decreased net unrealized and realized gains on investments, partially offset by a performance fee recovery, decreased provision for income taxes and decreased interest expense.
Fairfax India Holdings Corporation announces net earnings of $77.7 million in the third quarter of 2020 ($0.52 net earnings per diluted share), compared to net earnings of $89.2 million in the third quarter of 2019 ($0.58 net earnings per diluted share), reflecting decreased net unrealized gains on investments, partially offset by increased net foreign exchange gains and dividend income.
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, 2020.