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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Fairfax India Holdings Corp > Fairfax India to Acquire 65% of Global Aluminium Private Ltd

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Post by Betteryear2 on Sep 06, 2024 7:23pm

Fairfax India to Acquire 65% of Global Aluminium Private Ltd

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

(Note: All dollar amounts in this news release are expressed in U.S. dollars, except as otherwise noted).

TORONTO, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that, through its wholly-owned subsidiary, it has entered into an agreement to invest INR 6,955 million (approximately $83 million at current exchange rates) for a 65.0% interest in Global Aluminium Private Limited (“Global Aluminium”). The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2024.

Fairfax India to Acquire 65% of Global Aluminium Private (globenewswire.com)