Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) is pleased to announce that Debbie Chalkley will be appointed Chief Financial Officer (“CFO”) of Fairfax India effective March 10, 2025.
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has completed the acquisition of an additional 10% equity interest in Bangalore International Airport Limited from Siemens Project Ventures GmbH, part of Siemens Financial Services for, in aggregate, $255.0 million. As previously announced, the Purchase Price is payable in three installments, with the initial installment paid on closing of the transaction and the balance to be paid on August 31, 2025 and July 31, 2026.
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that, it has amended its existing credit agreement (“Credit Agreement”) with a syndicate of lenders to (i) provide for the issuance of letters of credit under its revolving credit facility (for the term of the Credit Agreement), and (ii) increase the borrowing limit of its revolving credit facility from $175.0 million to $250.0 million, which shall be reduced to $175.0 million over a period of approximately eighteen months, in accordance with the terms of the Credit Agreement.
Fairfax India Holdings Corporation (TSX: FIH.U) announces fiscal year 2024 net losses of $41.2 million ($0.30 net loss per diluted share), compared to net earnings of $371.8 million in fiscal year 2023 ($2.72 net earnings per diluted share).
Fairfax India Holdings Corporation is pleased to announce the voting results from its special meeting of shareholders held on January 28, 2025 in connection with a proposed one-time deviation from the Company’s investment concentration restriction set forth in its by-laws in order to complete the previously announced acquisition of an additional 10% equity interest in Bangalore International Airport Limited.