Fairfax India Holdings Corporation announces that it has completed a $175 million unsecured revolving credit facility (“Revolving Credit Facility”) with a syndicate of lenders. The Revolving Credit Facility has a three-year term with an option to extend for an additional year.
Fairfax India Holdings Corporation announces that it has completed the initial closing of its investment in Maxop Engineering Company Private Limited (“Maxop”).
Fairfax India Holdings Corporation announces net earnings of $131.9 million in the third quarter of 2021 ($0.85 net earnings per diluted share), compared to net earnings of $77.7 million in the third quarter of 2020 ($0.52 net earnings per diluted share), reflecting increased net realized and unrealized gains on investments, partially offset by increased performance fees, provision for income taxes, and decreased net foreign exchange gains.
Fairfax India Holdings Corporation announces that the Toronto Stock Exchange has 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) effective September 30, 2021.
Fairfax India Holdings Corporation is pleased to announce that Gopalakrishnan (Gopal) Soundarajan has been appointed Chief Operating Officer of Fairfax India.
Fairfax India Holdings Corporation announces that it has entered into an agreement to invest, in aggregate, up to INR 4.88 billion (approximately $66 million at current exchange rates) for a 67% equity interest in Maxop Engineering Company Private Limited in two transactions.
Fairfax India Holdings Corporation announces that it has completed its previously announced sale of approximately 11.5% (on a fully-diluted basis) of its interest in Anchorage Infrastructure Investments Holdings Limited (“Anchorage”) for gross proceeds of INR 9.5 billion (approximately $129 million at current exchange rates).
Fairfax India Holdings Corporation announces that it has received all regulatory approvals required to complete the previously announced transaction to sell approximately 11.5% (on a fully-diluted basis) of its interest in Anchorage Infrastructure Investments Holdings Limited (“Anchorage”) for gross proceeds of approximately INR 9.5 billion (approximately $129 million at current exchange rates).
Fairfax India Holdings Corporation announces today the completion of its substantial issuer bid initially announced on June 15, 2021. Fairfax India has taken up and paid for 7,046,979 subordinate voting shares (the “Shares”) at a purchase price of US$14.90 per Share (the “Purchase Price”).
Fairfax India Holdings Corporation announced today the preliminary results of its substantial issuer bid initially announced on June 15, 2021 (the “Offer”), pursuant to which the Company offered to purchase for cancellation a number of its subordinate voting shares (“Shares”) for an aggregate purchase price not to exceed US$105 million at a purchase price of not less than US$12.50 and not more than US$15.00 per Share.