Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has entered into an agreement to invest INR 6,955 million (approximately $83 million at current exchange rates) for a 65.0% interest in Global Aluminium Private Limited
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Gail Brownhttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngGail Brown2024-09-06 17:10:352024-09-06 17:10:35Fairfax India to Acquire 65% of Global Aluminium Private Limited
Fairfax India Holdings Corporation announces increased net earnings of $254.1 million in the second quarter of 2024 ($1.88 net earnings per diluted share), compared to net earnings of $159.3 million in the second quarter of 2023 ($1.12 net earnings per diluted share) primarily due to higher net gains on investments.
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd has sold a 9.7% equity interest in CSB Bank Limited (“CSB Bank”) over the stock exchange in India (the “CSB Bank Sale”) for gross proceeds of INR 5.9 billion (approximately $70 million at current exchange rates) in order to comply with the dilution requirements of the Reserve Bank of India (“RBI”), the banking regulator in India.
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Yelena Vuckovichttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngYelena Vuckovic2024-06-27 08:24:212024-06-27 08:24:21Fairfax India Sells a 9.7% Equity Interest in CSB Bank
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that Prem Watsa, Chairman of Fairfax India’s board since 2015 will step down as Chairman and Benjamin (Ben) Watsa will be appointed as Chairman of the Company’s board effective July 1, 2024.
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Yelena Vuckovichttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngYelena Vuckovic2024-06-03 17:16:422024-06-03 17:16:42Fairfax India Announces Management Succession Plan
Fairfax India Holdings Corporation announces a net loss of $293.5 million in the first quarter of 2024 ($2.17 net loss per diluted share), compared to a net loss of $55.5 million in the first quarter of 2023 ($0.40 net loss per diluted share). Book value per share decreased 10.1% to $19.65 at March 31, 2024, from $21.85 at December 31, 2023, primarily due to unrealized losses recorded on the company’s listed investments.
Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) has filed a short form base shelf prospectus with the Canadian securities regulatory authorities in connection with Fairfax India’s universal shelf renewal.
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Gail Brownhttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngGail Brown2024-04-11 17:15:182024-04-11 17:15:18Fairfax India Holdings Corporation: Result of Voting for Directors at Annual Shareholders’ Meeting
Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) announces additional details regarding its upcoming hybrid annual shareholders’ meeting. As disclosed in our annual meeting materials and on our website, the hybrid meeting will be held both in-person and virtually on April 10, 2024 and will commence at 9:30 a.m. Eastern Time, with the formal annual meeting and a presentation by Prem Watsa, Fairfax India’s Chairman and Chandran Ratnaswami, Fairfax India’s CEO, followed by a Q&A session, all of which will be webcast in real time.
Fairfax India Holdings Corporation announces fiscal year 2023 net earnings of $371.8 million ($2.72 net earnings per diluted share), compared to 2022 net earnings of $191.4 million ($1.34 net earnings per diluted share).
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Gail Brownhttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngGail Brown2024-02-15 17:15:292024-02-21 10:30:38Fairfax India Holdings Corporation: Financial Results for the Year Ended December 31, 2023
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that pursuant to the terms of the Investment Advisory Agreement (as defined below), Fairfax Financial Holdings Limited (“Fairfax”) has elected to receive payment of the performance fee payable by the Company to Fairfax for the three-year measurement period commencing January 1, 2021 and ending December 31, 2023, in cash.
https://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Yelena Vuckovichttps://www.fairfaxindia.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngYelena Vuckovic2023-12-15 17:06:532024-02-21 10:30:38Fairfax India Announces Election by Fairfax Financial Holdings Limited to Receive Payment of Performance Fee in Cash
Fairfax India to Acquire 65% of Global Aluminium Private Limited
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has entered into an agreement to invest INR 6,955 million (approximately $83 million at current exchange rates) for a 65.0% interest in Global Aluminium Private Limited
Fairfax India Holdings Corporation: Second Quarter Financial Results
Fairfax India Holdings Corporation announces increased net earnings of $254.1 million in the second quarter of 2024 ($1.88 net earnings per diluted share), compared to net earnings of $159.3 million in the second quarter of 2023 ($1.12 net earnings per diluted share) primarily due to higher net gains on investments.
Fairfax India Sells a 9.7% Equity Interest in CSB Bank
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that its wholly-owned subsidiary, FIH Mauritius Investments Ltd has sold a 9.7% equity interest in CSB Bank Limited (“CSB Bank”) over the stock exchange in India (the “CSB Bank Sale”) for gross proceeds of INR 5.9 billion (approximately $70 million at current exchange rates) in order to comply with the dilution requirements of the Reserve Bank of India (“RBI”), the banking regulator in India.
Fairfax India Announces Management Succession Plan
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that Prem Watsa, Chairman of Fairfax India’s board since 2015 will step down as Chairman and Benjamin (Ben) Watsa will be appointed as Chairman of the Company’s board effective July 1, 2024.
Fairfax India Holdings Corporation: First Quarter Financial Results
Fairfax India Holdings Corporation announces a net loss of $293.5 million in the first quarter of 2024 ($2.17 net loss per diluted share), compared to a net loss of $55.5 million in the first quarter of 2023 ($0.40 net loss per diluted share). Book value per share decreased 10.1% to $19.65 at March 31, 2024, from $21.85 at December 31, 2023, primarily due to unrealized losses recorded on the company’s listed investments.
Fairfax India Renews Universal Shelf Prospectus
Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) has filed a short form base shelf prospectus with the Canadian securities regulatory authorities in connection with Fairfax India’s universal shelf renewal.
Fairfax India Holdings Corporation: Result of Voting for Directors at Annual Shareholders’ Meeting
Fairfax India Holdings Corporation is pleased to announce the results of the vote on Directors at its April 10, 2024 Annual Shareholders’ Meeting.
Fairfax India Announces Hybrid Annual Shareholders’ Meeting Details
Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) announces additional details regarding its upcoming hybrid annual shareholders’ meeting. As disclosed in our annual meeting materials and on our website, the hybrid meeting will be held both in-person and virtually on April 10, 2024 and will commence at 9:30 a.m. Eastern Time, with the formal annual meeting and a presentation by Prem Watsa, Fairfax India’s Chairman and Chandran Ratnaswami, Fairfax India’s CEO, followed by a Q&A session, all of which will be webcast in real time.
Fairfax India Holdings Corporation: Financial Results for the Year Ended December 31, 2023
Fairfax India Holdings Corporation announces fiscal year 2023 net earnings of $371.8 million ($2.72 net earnings per diluted share), compared to 2022 net earnings of $191.4 million ($1.34 net earnings per diluted share).
Fairfax India Announces Election by Fairfax Financial Holdings Limited to Receive Payment of Performance Fee in Cash
Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that pursuant to the terms of the Investment Advisory Agreement (as defined below), Fairfax Financial Holdings Limited (“Fairfax”) has elected to receive payment of the performance fee payable by the Company to Fairfax for the three-year measurement period commencing January 1, 2021 and ending December 31, 2023, in cash.