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.
Fairfax India Holdings Corporation has completed a $550 million secured term loan facility with a syndicate of Canadian banks, which loan amends, restates and replaces its existing $550 million secured term loan. Fairfax India has also completed a $50 million secured revolving credit facility with a Canadian bank.
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Jinisha Jainhttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngJinisha Jain2019-06-28 11:00:012023-06-28 12:28:08Fairfax India Completes $550 Million Term Loan and $50 Million Revolving Credit Facility
Fairfax India Holdings Corporation announces a net loss of $52.6 million in the first quarter of 2019 ($0.34 net loss per diluted share), compared to net earnings of $28.8 million in the first quarter of 2018 ($0.19 net earnings per diluted share), reflecting net unrealized losses on investments in the quarter.
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Jinisha Jainhttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngJinisha Jain2019-04-12 11:05:532023-06-28 12:28:19Fairfax India Holdings Corporation: Result of Voting for Directors at Annual Shareholders’ Meeting
Fairfax India Holdings Corporation announces that it has invested approximately INR 5.0 billion (approximately $72.1 million at current exchange rates) in Seven Islands Shipping Limited (“Seven Islands”). The investment was completed through a direct subscription and secondary acquisition of Seven Islands shares.
Fairfax India Holdings Corporation announces fiscal year 2018 net earnings of $96.4 million ($0.63 net earnings per diluted share) compared to fiscal year 2017 net earnings of $452.5 million ($2.94 net earnings per diluted share), reflecting decreased net unrealized gains on investments, partially offset by no performance fee being earned by Fairfax Financial Holdings in fiscal year 2018.
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Jinisha Jainhttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngJinisha Jain2019-02-14 12:58:292023-06-28 12:30:06Financial Results for the Year Ended December 31, 2018
Fairfax India Holdings Corporation announces net earnings of $94.2 million in the third quarter of 2018 ($0.61 net earnings per diluted share) compared to a net loss of $53.2 million in the third quarter of 2017 ($0.36 net loss per diluted share), reflecting increased net unrealized gains on investments.
Fairfax India Holdings Corporation announces that it has received all required regulatory approvals and has completed the initial closing of its aggregate INR 12.1 billion (approximately $164.7 million at current exchange rates) investment in The Catholic Syrian Bank Ltd. (“CSBL”).
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Jinisha Jainhttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngJinisha Jain2018-10-19 15:38:202023-06-28 12:30:16Fairfax India Completes Initial Investment in The Catholic Syrian Bank Ltd.
Fairfax India Holdings Corporation announces that the Toronto Stock Exchange 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).
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Jinisha Jainhttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngJinisha Jain2018-10-03 15:40:272023-06-28 12:30:23Fairfax India Holdings Corporation: Intention to Make a Normal Course Issuer Bid for Subordinate Voting Shares
Executive Announcement
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: Second Quarter Financial Results
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.
Fairfax India Completes $550 Million Term Loan and $50 Million Revolving Credit Facility
Fairfax India Holdings Corporation has completed a $550 million secured term loan facility with a syndicate of Canadian banks, which loan amends, restates and replaces its existing $550 million secured term loan. Fairfax India has also completed a $50 million secured revolving credit facility with a Canadian bank.
Fairfax India Holdings Corporation: First Quarter Financial Results
Fairfax India Holdings Corporation announces a net loss of $52.6 million in the first quarter of 2019 ($0.34 net loss per diluted share), compared to net earnings of $28.8 million in the first quarter of 2018 ($0.19 net earnings per diluted share), reflecting net unrealized losses on investments in the quarter.
Fairfax India Holdings Corporation: Result of Voting for Directors at Annual Shareholders’ Meeting
Fairfax India Holdings Corporation is pleased to announce the results of the vote on Directors at its April 11, 2019 Annual Shareholders’ Meeting.
Fairfax India Completes Investment in Seven Islands Shipping Limited
Fairfax India Holdings Corporation announces that it has invested approximately INR 5.0 billion (approximately $72.1 million at current exchange rates) in Seven Islands Shipping Limited (“Seven Islands”). The investment was completed through a direct subscription and secondary acquisition of Seven Islands shares.
Financial Results for the Year Ended December 31, 2018
Fairfax India Holdings Corporation announces fiscal year 2018 net earnings of $96.4 million ($0.63 net earnings per diluted share) compared to fiscal year 2017 net earnings of $452.5 million ($2.94 net earnings per diluted share), reflecting decreased net unrealized gains on investments, partially offset by no performance fee being earned by Fairfax Financial Holdings in fiscal year 2018.
Fairfax India Holdings Corporation: Third Quarter Financial Results
Fairfax India Holdings Corporation announces net earnings of $94.2 million in the third quarter of 2018 ($0.61 net earnings per diluted share) compared to a net loss of $53.2 million in the third quarter of 2017 ($0.36 net loss per diluted share), reflecting increased net unrealized gains on investments.
Fairfax India Completes Initial Investment in The Catholic Syrian Bank Ltd.
Fairfax India Holdings Corporation announces that it has received all required regulatory approvals and has completed the initial closing of its aggregate INR 12.1 billion (approximately $164.7 million at current exchange rates) investment in The Catholic Syrian Bank Ltd. (“CSBL”).
Fairfax India Holdings Corporation: Intention to Make a Normal Course Issuer Bid for Subordinate Voting Shares
Fairfax India Holdings Corporation announces that the Toronto Stock Exchange 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).