Bullboard - Stock Discussion Forum Fairfax India Holdings Corp T.FIH.U

Alternate Symbol(s): FFXDF

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... see more

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TSX:FIH.U - Post Discussion

Fairfax India Holdings Corp > Book value up on one deal $3.30

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Post by cactionalpha on Dec 17, 2019 11:48am

Book value up on one deal $3.30

As a result of the transaction, Fairfax India will record investment gains of approximately $506 million (approximately INR 35.6 billion at current exchange rates) implying an increase in book value per share of approximately $3.30 per share.

The investment gains are supported by positive operational developments at BIAL. For the 12-month period ending October 2019, total traffic at BIAL was approximately 33.7 million passengers.

The second runway commenced operations in December 2019, making BIAL the first airport in India to operate independent parallel runways that enable aircraft to land or take-off simultaneously on both runways. In addition, the expansion project for a second terminal at BIAL is expected to be completed in 2021.

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