Fairfax India Holdings Corporation (“Fairfax India”) announces that, through its wholly-owned subsidiary in Mauritius, it has closed its second tranche of investment into Sanmar Chemicals Group by funding $50 million.
Fairfax India Holdings Corporation (“Fairfax India”) is pleased to announce that it has completed a $225 million, 2-year secured credit facility with a syndicate of Canadian banks.
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiaries (collectively, “Fairfax India”), it has completed its previously announced acquisition of approximately 51% of the outstanding shares of Privi Organics Limited (“Privi Organics”) for an aggregate consideration of approximately INR 3.7 billion (approximately $55 million at current exchange rates).
Fairfax India Holdings Corporation announces net earnings of $38.3 million in the second quarter of 2016 ($0.36 per basic share) compared to a net loss of $2.2 million in the second quarter of 2015 ($0.02 net loss per basic share) as the company continues to invest the funds it raised into Indian companies. Book value per basic share of $9.68 at June 30, 2016 increased from $9.50 at December 31, 2015.
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiaries (collectively, “Fairfax India”), it has entered into a share subscription agreement with Privi Organics Limited (“Privi Organics”) and a share purchase agreement with existing shareholders of Privi Organics to acquire a total 51% equity ownership of Privi Organics for a consideration of approximately INR 3.7 billion (approximately $55 million at current exchange rates).
Fairfax India Holdings Corporation (“Fairfax India”) announces that, through its wholly-owned subsidiary in Mauritius, it has closed its first tranche of investment into Sanmar Chemicals Group (“Sanmar”) by funding $250 million.
Fairfax India Holdings Corporation announces net earnings of $0.7 million in the first quarter of 2016 ($0.01 per basic share) compared to net earnings of $4.0 million in the first quarter of 2015 ($0.06 per basic share) as the company deploys the funds it raised into Indian investments. Book value per basic share of $9.52 at March 31, 2016 increased slightly from $9.50 at December 31, 2015.
Fairfax India Holdings Corporation is pleased to announce the results of the vote on Directors at its April 14, 2016 Annual Shareholders’ Meeting.
Fairfax India Holdings Corporation (“Fairfax India”) announces that, through its wholly-owned subsidiaries, it has agreed to invest $300 million into the Sanmar Chemicals Group (“Sanmar”), through a combination of equity and fixed income securities.
Fairfax India Holdings Corporation and Fairfax Financial Holdings Limited are pleased to announce that, through their wholly-owned subsidiaries in Mauritius, they will collectively acquire 33% of the equity of Bangalore International Airport Limited from Bangalore Airport & Infrastructure Developers Private Limited, a wholly-owned subsidiary of GVK Power and Infrastructure Limited (NSE:GVKPIL)(BSE:532708) for an aggregate investment of approximately INR 21.49 billion (approximately $321 million at current exchange rates).