Fairfax India Holdings Corporation announces net earnings of $28.8 million in the first quarter of 2018 ($0.19 net earnings per diluted share) compared to net earnings of $149.0 million in the first quarter of 2017 ($1.03 net earnings per diluted share), reflecting decreased net unrealized gains on investments.
Fairfax India Holdings Corporation is pleased to announce the results of the vote on Directors at its April 26, 2018 Annual Shareholders’ Meeting.
Fairfax India Holdings Corporation announces that it has entered an agreement to acquire an additional 6% of the outstanding shares of Bangalore International Airport Limited (“BIAL”) from Siemens Project Ventures GmbH (“Siemens”), part of Siemens’ Financial Services Division, for an aggregate investment of approximately $67 million (approximately INR 4.4 billion at current exchange rates).
Fairfax India Holdings Corporation is pleased to announce that it has entered an agreement to invest INR 12.1 billion (approximately $186 million at current exchange rates) for a 51% equity ownership in The Catholic Syrian Bank Ltd. (“CSBL”). The investment is subject to customary closing conditions and is expected to close in the first half of 2018.
Fairfax India Holdings Corporation is pleased to announce that it has formally indicated its non-binding interest in investing in 51% of the share capital of The Catholic Syrian Bank Ltd. (“CSBL”) for a purchase price of Rs 140 per share.
Fairfax India Holdings Corporation announces fiscal year 2017 net earnings of $452.5 million ($2.94 net earnings per diluted share) compared to fiscal year 2016 net earnings of $107.8 million ($1.01 net earnings per diluted share), reflecting increased net unrealized gains on investments.