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Fairfax India Holdings Corp T.FIH.U

Alternate Symbol(s):  FFXDF

Financial Services Asset Management
Fairfax India Holdings Corporation is a Canada-based investment holding company. The Company's investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India. The Company makes its investments either directly or through one of its wholly owned subsidiaries based in Mauritius, FIH Mauritius Investments Ltd (FIH Mauritius) and FIH Private Investments Ltd (FIH Private). The Company, through its subsidiaries, holds investment in the Bangalore International Airport Limited, Sanmar Chemicals Group, Seven Islands Shipping Limited, and more. The Company's portfolio manager is Hamblin Watsa Investment Counsel Ltd.


TSX:FIH.U - Post by User

Fairfax India Holdings Corp > What has company said?
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Comment by Methodon Nov 29, 2022 8:48am
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Post# 35136094

RE:What has company said?

RE:What has company said?

templetooth2 wrote: From what I can see, on Oct 27 Fairfax India stated it was a long term shareholder in the Bangalore airport with no intention of selling.

On Nov. 16 Bloomberg found an anonymous source that claimed the company was considering an IPO for the airport.

Seems reasonably clear to me that Bloomberg is spreading a rumour for possibly nefarious purposes. Probably some holder who wants out started this rumour in hopes of boosting the share price or creating volume in an otherwise moribund stock.

 

An IPO does not mean FIH is selling any of its own stock. Primary issue is important for development projects. They have discussed an IPO for sometime.

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