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 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 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.
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 $126 million).
Fairfax India Holdings Corporation announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd (“FIH”), has issued a public announcement of an open offer to acquire up to approximately 83,128,852 equity shares of IIFL Holdings Limited (“IIFL”), formerly India Infoline Limited, at a price of INR 195 per share (approximately US$ 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 (TSX:FIH.U) announces net earnings of $4.01 million in the first
quarter of 2015 ($0.06 per basic share). Book value per basic share (which equals the Net Asset Value Per
Share used in calculating fees payable by Fairfax India) was $9.59 at March 31, 2015.
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) announced today that the Company has issued an additional 6,099,932 subordinate voting shares pursuant to the exercise of the over-allotment option granted to a syndicate of underwriters in connection with the Company’s recent initial public offering (the “Offering”) of subordinate voting shares which closed on January 30, 2015.