Fairfax India Holdings Corporation announces net earnings of $34.0 million in the third quarter of 2024 ($0.25 net earnings per diluted share), compared to net earnings of $133.0 million in the third quarter of 2023 ($0.93 net earnings per diluted share).
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has completed its previously announced investment in Global Aluminium Private Limited (“Global Aluminium”) for INR 6,955 million (approximately $83 million at current exchange rates) of which the Company has retained INR 700 million (approximately $8.3 million at current exchange rates) until the sellers complete certain post-closing obligations.
https://dv1india.fairfax.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Gail Brownhttps://dv1india.fairfax.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngGail Brown2024-10-11 17:13:182024-10-11 17:13:18Fairfax India Completes Investment in Global Aluminium Private Limited
Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) announces that the Toronto Stock Exchange (the “TSX”) 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, 2024.
https://dv1india.fairfax.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Yelena Vuckovichttps://dv1india.fairfax.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.pngYelena Vuckovic2024-09-26 09:15:132024-09-26 09:15:13Fairfax India Announces Intention to Make a Normal Course Issuer Bid
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://dv1india.fairfax.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Gail Brownhttps://dv1india.fairfax.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://dv1india.fairfax.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Yelena Vuckovichttps://dv1india.fairfax.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://dv1india.fairfax.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Yelena Vuckovichttps://dv1india.fairfax.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://dv1india.fairfax.ca/wp-content/uploads/Fairfax-India-Logo_blue-v02.png00Gail Brownhttps://dv1india.fairfax.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: Third Quarter Financial Results
Fairfax India Holdings Corporation announces net earnings of $34.0 million in the third quarter of 2024 ($0.25 net earnings per diluted share), compared to net earnings of $133.0 million in the third quarter of 2023 ($0.93 net earnings per diluted share).
Fairfax India Completes Investment in Global Aluminium Private Limited
Fairfax India Holdings Corporation announces that, through its wholly-owned subsidiary, it has completed its previously announced investment in Global Aluminium Private Limited (“Global Aluminium”) for INR 6,955 million (approximately $83 million at current exchange rates) of which the Company has retained INR 700 million (approximately $8.3 million at current exchange rates) until the sellers complete certain post-closing obligations.
Fairfax India Announces Intention to Make a Normal Course Issuer Bid
Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) announces that the Toronto Stock Exchange (the “TSX”) 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, 2024.
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.