Fairfax India Holdings Corporation announces net earnings of $52.4 million in the second quarter of 2020 ($0.35 net earnings per diluted share), compared to a net loss of $55.5 million in the second quarter of 2019 ($0.36 net loss per diluted share), reflecting increased net unrealized gains on investments, partially offset by decreased realized gains on investments.
Fairfax India Holdings Corporation is pleased to announce the extension of its $550 million secured term loan facility (“Term Loan Facility”) with a syndicate of Canadian banks to June 28, 2021 with an option to extend for an additional year.
Fairfax India Holdings Corporation announces a net loss of $253.8 million in the first quarter of 2020 ($1.67 net loss per diluted share), compared to a net loss of $52.6 million in the first quarter of 2019 ($0.34 net loss per diluted share), reflecting net unrealized losses on investments of $274.3 million, partially offset by recovery of the previously accrued performance fee of $47.1 million.
Fairfax India Holdings Corporation is pleased to announce the results of the vote on Directors at its April 16, 2020 annual shareholders’ meeting.
Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) has formerly announced that, due to the COVID-19 pandemic, shareholders will not be able to attend in person at its annual meeting commencing at 2:00 p.m. Eastern Time on Thursday, April 16, 2020, but that there will be a webcast of the formal annual meeting and a presentation by Prem Watsa, Fairfax India’s Chair, and Chandran Ratnaswami, Fairfax India’s CEO, followed by a Q&A session.
Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U), recognizing the widespread cancellation of public events as a protection of individual and public safety in the face of the COVID-19 pandemic, has cancelled the attendance of its directors and the officers of all of its investee companies at its April 16 annual meeting and has cancelled all booths and other events (dinners, etc.) originally contemplated for that meeting.
Fairfax India Holdings Corporation has filed a final short form base shelf prospectus with the Canadian securities regulatory authorities in connection with Fairfax India’s US$1.5 billion universal shelf renewal.
Fairfax India Holdings Corporation announces fiscal year 2019 net earnings of $516.3 million ($3.30 net earnings per diluted share), compared to fiscal year 2018 net earnings of $96.4 million ($0.63 net earnings per diluted share), reflecting increased net unrealized and realized gains on investments, partially offset by increased tax expense and performance fees.
Fairfax India Holdings Corporation announces that it has completed its previously announced transaction with Sanmar Chemicals Group (“Sanmar”).
Fairfax India Holdings Corporation announces that it has entered into an agreement to sell an interest in Anchorage Infrastructure Investments Holdings Limited (“Anchorage”) of approximately 11.5% on a fully-diluted basis for gross proceeds of approximately INR 9.5 billion (approximately $134 million at current exchange rates).