Fairfax India Holdings Corporation announces fiscal year 2021 net earnings of $494.5 million ($3.22 net earnings per diluted share), compared to fiscal year 2020 net loss of $41.5 million ($0.27 net loss per diluted share), reflecting increased net unrealized and realized gains on investments, partially offset by increased performance fees and provision for income taxes.
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 Jain2022-02-10 11:13:522023-06-28 09:28:17Fairfax India Holdings Corporation: Financial Results for the Year Ended December 31, 2021
Fairfax India Holdings Corporation announces that its annual shareholders’ meeting will be held on Thursday, April 21. At this time, Fairfax India is planning for an in-person meeting which will also be webcast; if there are any updates to this plan, Fairfax India will advise of those updates and provide further details on the meeting in a later announcement.
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has entered into an agreement to invest INR 2.45 billion (approximately $33 million at current exchange rates) for a 70% equity interest in Jaynix Engineering Private Limited (“Jaynix”). The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022.
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 Jain2022-01-26 08:31:472023-06-28 09:29:24Fairfax India to Acquire 70% of Jaynix Engineering Private Limited
Fairfax India Holdings Corporation announces that it has completed a $175 million unsecured revolving credit facility (“Revolving Credit Facility”) with a syndicate of lenders. The Revolving Credit Facility has a three-year term with an option to extend for an additional year.
Fairfax India Holdings Corporation announces that it has completed the initial closing of its investment in Maxop Engineering Company Private Limited (“Maxop”).
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 Jain2021-11-30 11:49:052023-06-28 09:29:40Fairfax India Completes Initial Closing of Its Investment in Maxop Engineering Company Private Limited
Fairfax India Holdings Corporation announces net earnings of $131.9 million in the third quarter of 2021 ($0.85 net earnings per diluted share), compared to net earnings of $77.7 million in the third quarter of 2020 ($0.52 net earnings per diluted share), reflecting increased net realized and unrealized gains on investments, partially offset by increased performance fees, provision for income taxes, and decreased net foreign exchange gains.
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, 2021.
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 Jain2021-09-28 12:17:072023-06-28 09:42:14Fairfax India Announces Intention to Make a Normal Course Issuer Bid
Fairfax India Holdings Corporation is pleased to announce that Gopalakrishnan (Gopal) Soundarajan has been appointed Chief Operating Officer of Fairfax India.
Fairfax India Holdings Corporation announces that it has entered into an agreement to invest, in aggregate, up to INR 4.88 billion (approximately $66 million at current exchange rates) for a 67% equity interest in Maxop Engineering Company Private Limited in two transactions.
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 Jain2021-09-16 12:24:232023-06-28 09:42:26Fairfax India Announces Investment in Maxop Engineering Company Private Limited
Fairfax India Holdings Corporation announces that it has completed its previously announced sale of approximately 11.5% (on a fully-diluted basis) of its interest in Anchorage Infrastructure Investments Holdings Limited (“Anchorage”) for gross proceeds of INR 9.5 billion (approximately $129 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 Jain2021-09-16 11:26:412023-06-28 09:42:29Fairfax India Completes Sale of Minority Position of Anchorage Infrastructure
Fairfax India Holdings Corporation: Financial Results for the Year Ended December 31, 2021
Fairfax India Holdings Corporation announces fiscal year 2021 net earnings of $494.5 million ($3.22 net earnings per diluted share), compared to fiscal year 2020 net loss of $41.5 million ($0.27 net loss per diluted share), reflecting increased net unrealized and realized gains on investments, partially offset by increased performance fees and provision for income taxes.
Annual Shareholders’ Meeting
Fairfax India Holdings Corporation announces that its annual shareholders’ meeting will be held on Thursday, April 21. At this time, Fairfax India is planning for an in-person meeting which will also be webcast; if there are any updates to this plan, Fairfax India will advise of those updates and provide further details on the meeting in a later announcement.
Fairfax India to Acquire 70% of Jaynix Engineering Private Limited
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has entered into an agreement to invest INR 2.45 billion (approximately $33 million at current exchange rates) for a 70% equity interest in Jaynix Engineering Private Limited (“Jaynix”). The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022.
Fairfax India Completes $175 Million Revolving Credit Facility
Fairfax India Holdings Corporation announces that it has completed a $175 million unsecured revolving credit facility (“Revolving Credit Facility”) with a syndicate of lenders. The Revolving Credit Facility has a three-year term with an option to extend for an additional year.
Fairfax India Completes Initial Closing of Its Investment in Maxop Engineering Company Private Limited
Fairfax India Holdings Corporation announces that it has completed the initial closing of its investment in Maxop Engineering Company Private Limited (“Maxop”).
Fairfax India Holdings Corporation: Third Quarter Financial Results
Fairfax India Holdings Corporation announces net earnings of $131.9 million in the third quarter of 2021 ($0.85 net earnings per diluted share), compared to net earnings of $77.7 million in the third quarter of 2020 ($0.52 net earnings per diluted share), reflecting increased net realized and unrealized gains on investments, partially offset by increased performance fees, provision for income taxes, and decreased net foreign exchange gains.
Fairfax India Announces Intention to Make a Normal Course Issuer Bid
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, 2021.
Fairfax India Holdings Corporation: Executive Announcement
Fairfax India Holdings Corporation is pleased to announce that Gopalakrishnan (Gopal) Soundarajan has been appointed Chief Operating Officer of Fairfax India.
Fairfax India Announces Investment in Maxop Engineering Company Private Limited
Fairfax India Holdings Corporation announces that it has entered into an agreement to invest, in aggregate, up to INR 4.88 billion (approximately $66 million at current exchange rates) for a 67% equity interest in Maxop Engineering Company Private Limited in two transactions.
Fairfax India Completes Sale of Minority Position of Anchorage Infrastructure
Fairfax India Holdings Corporation announces that it has completed its previously announced sale of approximately 11.5% (on a fully-diluted basis) of its interest in Anchorage Infrastructure Investments Holdings Limited (“Anchorage”) for gross proceeds of INR 9.5 billion (approximately $129 million at current exchange rates).