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.