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).
Fairfax India Holdings Corporation announces net earnings of $89.2 million in the third quarter of 2019 ($0.58 net earnings per diluted share), compared to net earnings of $94.2 million in the third quarter of 2018 ($0.61 net earnings per diluted share), reflecting decreased net unrealized gains on investments, partially offset by decreased net foreign exchange losses.
Fairfax India Holdings Corporation announces that, in order to align its Normal Course Issuer Bid with its regularly scheduled blackout periods, Fairfax India has terminated its existing Normal Course Issuer Bid effective following the close of markets on September 27, 2019 and that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Fairfax India of its intention to commence a new Normal Course Issuer Bid for its Subordinate Voting Shares through the facilities of the TSX (or other alternative Canadian trading systems) effective September 30, 2019.
Fairfax India Holdings Corporation announces that CSB Bank Limited (“CSB Bank”, formerly known as The Catholic Syrian Bank Limited) 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 is pleased to announce that Amy Sherk has been appointed Chief Financial Officer of Fairfax India. Amy has been with Fairfax Financial Holdings Limited for over 15 years, most recently serving as Assistant Vice President of Investment Accounting. Amy has also been appointed Chief Financial Officer of Fairfax Africa Holdings Corporation (“Fairfax Africa”).
Fairfax India Holdings Corporation announces a net loss of $55.5 million in the second quarter of 2019 ($0.36 net loss per diluted share), compared to a net loss of $69.6 million in the second quarter of 2018 ($0.45 net loss per diluted share), reflecting increased net realized gains on investments, partially offset by increased net unrealized losses on investments in the quarter.