Fairfax India Holdings Corporation announces fiscal year 2015 net earnings of $40.9 million ($0.42 per basic share), derived from interest income on its investment portfolio and unrealized gains on investments. Book value per share at December 31, 2015 was $9.50 as a result of unrealized foreign currency translation losses, partially offset by the 2015 net earnings.
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 Jain2016-02-18 13:56:482023-06-28 13:45:42Fairfax India Holdings Corporation: Financial Results for the Year Ended December 31, 2015
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiaries (collectively, “Fairfax India”), it has completed its previously announced acquisition of approximately 45% of the outstanding shares of ADI Finechem Limited (“ADI”) for an aggregate consideration of approximately INR 1.3 billion (approximately $19 million at current exchange rates).
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 Jain2016-02-08 13:59:332023-06-28 14:00:43Fairfax India Acquires Approximately 45% of ADI Finechem Limited
Fairfax India Holdings Corporation (“Fairfax India”) announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd (“FIH”), has acquired 68,788,445 issued equity shares of IIFL Holdings Limited (“IIFL”), formerly India Infoline Limited, at a price of INR 195 per share (approximately US$2.93 per share at current exchange rates) for an aggregate consideration of INR 13.41 Billion (approximately US$202 million at current exchange rates) in accordance with the open offer previously announced on July 13, 2015.
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 Jain2015-12-01 14:22:152023-06-28 14:00:48Fairfax India Holdings Corporation: Acquisition of 21.85% of IIFL Holdings Limited
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiaries (collectively, “Fairfax India”), it has entered into an agreement with existing shareholders of ADI Finechem Limited (“ADI”) to acquire approximately 45% of the outstanding shares of ADI at a price per share of INR 212 per share (collectively, the “Shareholder Transaction”) for total consideration of approximately INR 1.3 billion (approximately $20 million at current exchange rates).
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 Jain2015-11-04 14:24:142023-06-28 14:00:53Fairfax India to Acquire 45% of ADI Finechem Limited and to Make an Open Offer for an Additional 26% of ADI Finechem Limited
Fairfax India Holdings Corporation announces net earnings of $18.3 million in the third quarter of 2015 ($0.17 net earnings per basic share) primarily due to unrealized gains on marketable securities. Book value per basic share decreased slightly to $9.36 at September 30, 2015 due primarily to unrealized foreign currency translation losses.
Fairfax India Holdings Corporation (TSX:FIH.U) is pleased to announce that it has increased the number of directors from seven to eight and appointed Dr. Punita Kumar-Sinha as an independent director.
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 Jain2015-08-24 14:26:462023-06-28 14:01:37Fairfax India Appoints Dr. Punita Kumar-Sinha to Its Board of Directors
Fairfax India Holdings Corporation, through its wholly-owned subsidiary FIH Mauritius Investments Ltd (FIH), has completed its previously announced acquisition of approximately 74% of National Collateral Management Services Limited (“National Collateral”) for an aggregate investment of approximately INR 8.0 billion (approximately $126 million at current exchange rates).
Fairfax India Holdings Corporation announces a net loss of $2.18 million in the second quarter of 2015 ($0.02 net loss per basic share) primarily due to unrealized losses on its bond portfolio. Book value per basic share decreased to $9.45 at June 30, 2015 due to unrealized bond and foreign currency translation losses.
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiary FIH Mauritius Investments Ltd, it has agreed to acquire approximately 74% of National Collateral Management Services Limited (“National Collateral”) for an aggregate investment of approximately INR 8 billion (approximately $126 million).
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Jinisha Jainhttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngJinisha Jain2015-07-20 14:31:022023-06-28 14:04:07Fairfax India to Acquire National Collateral Management Services, India’s Largest Non-Government Grain Handling Company
Fairfax India Holdings Corporation announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd (“FIH”), has issued a public announcement of an open offer to acquire up to approximately 83,128,852 equity shares of IIFL Holdings Limited (“IIFL”), formerly India Infoline Limited, at a price of INR 195 per share (approximately US$ 3.07 per share at current exchange rates) other than those shares already owned by it and its affiliates according to regulations of the Securities and Exchange Board of India for substantial acquisitions of shares and takeovers (the “Offer”).
Fairfax India Holdings Corporation: Financial Results for the Year Ended December 31, 2015
Fairfax India Holdings Corporation announces fiscal year 2015 net earnings of $40.9 million ($0.42 per basic share), derived from interest income on its investment portfolio and unrealized gains on investments. Book value per share at December 31, 2015 was $9.50 as a result of unrealized foreign currency translation losses, partially offset by the 2015 net earnings.
Fairfax India Acquires Approximately 45% of ADI Finechem Limited
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiaries (collectively, “Fairfax India”), it has completed its previously announced acquisition of approximately 45% of the outstanding shares of ADI Finechem Limited (“ADI”) for an aggregate consideration of approximately INR 1.3 billion (approximately $19 million at current exchange rates).
Fairfax India Holdings Corporation: Acquisition of 21.85% of IIFL Holdings Limited
Fairfax India Holdings Corporation (“Fairfax India”) announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd (“FIH”), has acquired 68,788,445 issued equity shares of IIFL Holdings Limited (“IIFL”), formerly India Infoline Limited, at a price of INR 195 per share (approximately US$2.93 per share at current exchange rates) for an aggregate consideration of INR 13.41 Billion (approximately US$202 million at current exchange rates) in accordance with the open offer previously announced on July 13, 2015.
Fairfax India to Acquire 45% of ADI Finechem Limited and to Make an Open Offer for an Additional 26% of ADI Finechem Limited
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiaries (collectively, “Fairfax India”), it has entered into an agreement with existing shareholders of ADI Finechem Limited (“ADI”) to acquire approximately 45% of the outstanding shares of ADI at a price per share of INR 212 per share (collectively, the “Shareholder Transaction”) for total consideration of approximately INR 1.3 billion (approximately $20 million at current exchange rates).
Fairfax India Holdings Corporation: Third Quarter Financial Results
Fairfax India Holdings Corporation announces net earnings of $18.3 million in the third quarter of 2015 ($0.17 net earnings per basic share) primarily due to unrealized gains on marketable securities. Book value per basic share decreased slightly to $9.36 at September 30, 2015 due primarily to unrealized foreign currency translation losses.
Fairfax India Appoints Dr. Punita Kumar-Sinha to Its Board of Directors
Fairfax India Holdings Corporation (TSX:FIH.U) is pleased to announce that it has increased the number of directors from seven to eight and appointed Dr. Punita Kumar-Sinha as an independent director.
Fairfax India Acquires National Collateral Management Services
Fairfax India Holdings Corporation, through its wholly-owned subsidiary FIH Mauritius Investments Ltd (FIH), has completed its previously announced acquisition of approximately 74% of National Collateral Management Services Limited (“National Collateral”) for an aggregate investment of approximately INR 8.0 billion (approximately $126 million at current exchange rates).
Fairfax India Holdings Corporation: Second Quarter Financial Results
Fairfax India Holdings Corporation announces a net loss of $2.18 million in the second quarter of 2015 ($0.02 net loss per basic share) primarily due to unrealized losses on its bond portfolio. Book value per basic share decreased to $9.45 at June 30, 2015 due to unrealized bond and foreign currency translation losses.
Fairfax India to Acquire National Collateral Management Services, India’s Largest Non-Government Grain Handling Company
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiary FIH Mauritius Investments Ltd, it has agreed to acquire approximately 74% of National Collateral Management Services Limited (“National Collateral”) for an aggregate investment of approximately INR 8 billion (approximately $126 million).
Offer to Acquire 26% of IIFL Holdings Limited
Fairfax India Holdings Corporation announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd (“FIH”), has issued a public announcement of an open offer to acquire up to approximately 83,128,852 equity shares of IIFL Holdings Limited (“IIFL”), formerly India Infoline Limited, at a price of INR 195 per share (approximately US$ 3.07 per share at current exchange rates) other than those shares already owned by it and its affiliates according to regulations of the Securities and Exchange Board of India for substantial acquisitions of shares and takeovers (the “Offer”).