Fairfax India

IDBI Bank shares close at Rs 81.12 as investors focus on the reported Fairfax offer of around Rs 81 per share for a controlling stake in the lender

Venkataraman said Fairfax's Rs 2,000 crore investment will strengthen IIFL Capital's balance sheet and support expansion across wealth management and capital markets businesses

Fairfax India will infuse ₹2,000 crore into IIFL Capital Services through a mix of transactions, increasing its stake in the company to at least 51 per cent

Fairfax India currently holds a 30.5 per cent stake in the company

Fairfax India Holdings will buy an additional 10 per cent stake in Bengaluru airport operator BIAL, hiking its overall shareholding to 74 per cent. Bangalore International Airport Ltd (BIAL) is a joint venture between Fairfax India, Airports Authority of India (AAI) and Karnataka State Industrial and Infrastructure Development Corporation Ltd. The latter two entities have 13 per cent stake each. "The transaction is expected to close in Q1 2025, upon which the additional 10 per cent equity interest in BIAL will be acquired by Fairfax India for, in aggregate, USD 255.0 million. The purchase price will be payable in three installments, with the initial installment to be paid on the closing date in Q1 2025," Fairfax India said in a release. The second and third installments are to be paid on or around August 31, 2025 and July 31, 2026, respectively. Fairfax India is acquiring the 10 per cent stake from Siemens Projects Ventures. "We would like to thank Siemens for the great partnershi

IIFL Finance had said that Fairfax India had agreed to invest up to $200 million of liquidity support on terms to be mutually agreed upon and subject to applicable laws and regulations

Fairfax India owns a 54% interest in BIAL as it built up its shareholding after acquiring its initial stake in 2017

Investment also includes transfer of shares of Bangalore International Airport Limited to Anchorage, and Rs 950 crore in the investment arm of Prem Watsa-owned Fairfax India by Ontario Inc

Despite the pandemic disruptions, based on provisional IFRS estimates, for the year ended December 31, 2020, Sanmar chemicals' revenue was flat at around $700 million

The loss of $253 million was partially offset by recovery of a previously accrued performance fee of $47.1 million

Its assets were $1.02 billion in 2015 and grew to $3.24 billion in 2019, a CAGR of 26.4%

The plan is to eventually transfer all of Fairfax's shares in Bangalore International Airport to AIIHL

In 2018, BIAL invested around $1.9 billion to expand its designed capacity of 20 million passengers to about 50 million in 2021.

Under the deal, Sanmar bought back bonds worth Rs 1,990 crore that had sold to Fairfax, which partly re-invested the proceeds into the chemical-making group's equity

Fairfax India's net earnings in 2018 were down 79 per cent to $96 million from $453 million in 2017. The India-born-Canadian Billionarie Prem Watsa's investment firm said that this was largely due to net unrealised gains on investments being $179 million compared to $592 million in 2017. However, over the four years since Fairfax India's inception, Fairfax India has significantly outperformed the markets in the last four years.The key performance measure, grew at a compound annual rate of 15 per cent Fairfax India's book value per share (BVPS) declined by 4.1 per cent in 2018, from $14.46 at the end of 2017 to $13.86, a performance generally in line with, and in many cases significantly superior to, the performance of Indian equity indices, and reflecting a 9.4% decline in the Indian rupee during 2018.Change in Fairfax India's BVPS in 2018 was primarily due to drop in the value of its holdings in IIFL Holdings ($1.33/share) and a drop in the value of the Indian rupee ($1.47/share), ...

Prem Watsa's investment firm earned a return on equity of 28.2 % in 2017, riding on three listed companies

He says, company has adequate capital for now and does not need fresh infusion through markets

Last Saturday, Fairfax sold 12.18 per cent in ICICI Lombard to private equity firms

Company plans to start a new insurance JV after selling 25% stake in the general insurance firm

In March 2016, Fairfax India agreed to purchase the stake in BIAL from GVK for $330 million