Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiary (collectively, “Fairfax India”), it has completed its previously announced acquisition of 38% of the outstanding shares of Bangalore International Airport Limited for an aggregate consideration of approximately INR 25.22 billion (approximately $385 million at current exchange rates).
Fairfax India Holdings Corporation announces fiscal year 2016 net earnings of $107.8 million ($1.01 net earnings per basic and diluted share) compared to fiscal year 2015 net earnings of $40.9 million ($0.42 net earnings per basic and diluted share), reflecting increased net unrealized gains on investments. Book value per share of $10.25 at December 31, 2016 increased from $9.50 at December 31, 2015.
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiary (collectively, “Fairfax India”), it has completed its previously announced acquisition of 51% of the outstanding shares of Saurashtra Freight Private Limited for an aggregate consideration of approximately INR 2 billion (approximately $30 million at current exchange rates).
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiary (collectively, “Fairfax India”), it has entered an agreement to invest INR 2 billion (approximately $30 million at current exchange rates) for a 51% equity ownership in Saurashtra Freight Private Limited (“Saurashtra Freight”).
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) announced today that the Company has completed its previously-announced bought deal public offering of 12,766,000 subordinate voting shares (the “Subordinate Voting Shares”) at a price of US$11.75 per Subordinate Voting Share, for gross proceeds of approximately US$150 million (the “Public Offering”).
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) has announced today that the Company has filed a final short form prospectus with the securities regulatory authorities in all of the provinces of Canada, in respect of its previously-announced bought deal public offering of 12,766,000 subordinate voting shares (the “Subordinate Voting Shares”) at a price of US$11.75 per Subordinate Voting Share, for gross proceeds of approximately US$150 million (the “Public Offering”), and obtained a receipt therefor.