Fairfax India Holdings Corp FFXDF

Primary Symbol: T.FIH.U

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.

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Fairfax India Holdings Corp > What has company said?

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Post by templetooth2on Nov 22, 2022 2:39pm

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Post# 35119505

What has company said?

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.

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