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 all or substantially all of its investments either directly or through one of its wholly owned consolidated 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, Maxop Engineering Company Private Limited, Jaynix Engineering Private Limited, and more. The Company's portfolio manager is Hamblin Watsa Investment Counsel Ltd.

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Fairfax India Holdings Corp

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Comment by Dividendspayon Mar 31, 2018 8:05pm

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Post# 27811128

RE:RE:RE:6% means control we will now have control.

Yes I agree.
I suspect it isn’t directly in their wheelhouse to manage BIAL.

They are a massive conglomerate that likely were interested in BIAL for the infrastructure play. From the 2012 annual report :”As planned, we’re scaling back our own financial commitment in view of the airport’s successful business development. In fiscal 2012, we announced the sale of a 14% stake in BIAL to G.V. Sanjay Reddy’s GVK Power&Infrastructure Limited. However, we continue to hold a substantial 26% stake in the airport operator.”

Either way-great for us to take over majority ownership.

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