Fairfax India Holdings Corporation announces net earnings of $94.2 million in the third quarter of 2018 ($0.61 net earnings per diluted share) compared to a net loss of $53.2 million in the third quarter of 2017 ($0.36 net loss per diluted share), reflecting increased net unrealized gains on investments.
Fairfax India Holdings Corporation announces that it has received all required regulatory approvals and has completed the initial closing of its aggregate INR 12.1 billion (approximately $164.7 million at current exchange rates) investment in The Catholic Syrian Bank Ltd. (“CSBL”).
Fairfax India Holdings Corporation announces that the Toronto Stock Exchange accepted a notice filed by Fairfax India of its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares through the facilities of the TSX (or other alternative Canadian trading systems).
Fairfax India Holdings Corporation announces today that it intends to implement a normal course issuer bid (“NCIB”) for its subordinate voting shares (the “Shares”). The NCIB will be made in accordance with the policies of the Toronto Stock Exchange (the “TSX”) and commencement of purchases under the NCIB is subject to the approval of the TSX.
Fairfax India Holdings Corporation in 2016 completed an investment in Sanmar Chemicals Group (“Sanmar”), comprised of $300 million (INR 19.9 billion) principal amount of bonds maturing on April 22, 2023 and common shares (representing a 30% equity interest).
Fairfax India Holdings Corporation announces that it has appointed Lauren Templeton as an independent director and Sumit Maheshwari as a director.
Fairfax India Holdings Corporation announces a net loss of $69.6 million in the second quarter of 2018 ($0.45 net loss per diluted share) compared to net earnings of $268.6 million in the second quarter of 2017 ($1.74 net earnings per diluted share), reflecting net unrealized losses on investments.
Fairfax India Holdings Corporation announces that it has completed a $550 million, 1-year secured term loan, with an option to extend for an additional year, with a syndicate of Canadian banks, which loan amends, restates and replaces its existing $400 million secured term loan.
Fairfax India Holdings Corporation announces that Harsha Raghavan, Managing Director and Chief Executive Officer of Fairbridge Capital Private Limited (“Fairbridge”) and a member of Fairfax India’s board of directors, after almost seven years of outstanding service for Fairfax India and Fairfax Financial Holdings Limited (“Fairfax”) has decided to return to the private equity industry.
Fairfax India Holdings Corporation announces that it has completed its previously announced acquisition of an additional 6% of the outstanding shares of Bangalore International Airport Limited from Siemens Project Ventures GmbH (“Siemens”), part of Siemens’ Financial Services Division, for an aggregate investment of approximately $67 million (approximately INR 4.5 billion at current exchange rates).