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Fairfax India Holdings Corporation: Result of Voting for Directors at Annual Shareholders’ Meeting Fairfax India Holdings Corporation
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TORONTO, April 16, 2021 (GLOBE NEWSWIRE) Fairfax India Holdings Corporation (TSX: FIH.U) is pleased to announce the results of the vote on Directors at its April 15, 2021 annual shareholders’ meeting.
Each of the nominee directors listed in the Corporation’s management proxy circular dated March 5, 2021 was elected as a director. The voting results for the eleven directors nominated for election are set forth in the table below:
Name of Nominee
Updated Mar 12, 2021 | 13:39 IST
In his annual letter to shareholders, V. Prem Watsa Chairman and Chief Executive Officer of Fairfax Financial Holdings has written in depth on the pandemic impact on India and their investments in India Prem Watsa (File Photo) | Photo Credit: BCCL
Key Highlights
India s most recent budget was strongly growth-oriented and very business-friendly
New Delhi: In his annual letter to shareholders, V. Prem Watsa, Chairman and Chief Executive Officer of Fairfax Financial Holdings has written in-depth on the pandemic impact on India and their investments in India and how they are adapting to the change.
Fairfax is planning to make any more significant acquisitions but is planning to grow organically. He notes that Digit is still in start-up mode but is growing at a very fast pace in India, after beginning from scratch about three years ago.
Recent policy changes by Prime Minister Narendra Modi s government represent a welcome signal to the global investor community. The combination of a reform-oriented government, a large population with rising consumer demand and the accelerated rate of technological adoption mean that India is in a unique position to capitalise on the opportunities in a post-pandemic world, says the Indian-born Candian Billionaire V Prem Watsa, chairman of Fairfax. In a letter, which was jointly signed by Fairfax CEO Chandra Ratnaswami, to the shareholders, he said, the political stability has facilitated important policy initiatives in 2020. The Prime Minister s goal of becoming a $5 trillion economy in the next few years can become a reality with continued liberalisation.
March 07, 2021
Fairfax Financial Holdings Ltd, the Toronto, Ontario-based financial holding company owned by Indian born businessman V Prem Watsa, has started preparatory work to list Anchorage Infrastructure Investments Holdings Ltd (Anchorage) on the Indian stock exchanges, potentially valuing the company at $1.3 billion.
Fairfax hasn’t indicated a timeline for the planned initial public offering (IPO) in Anchorage, which was set up in 2019 as a wholly-owned unit of Fairfax India Holdings Corporation to act as its flagship investment vehicle for airports and other infrastructure investments in India.
In 2019, Fairfax India signed definitive agreements with OMERS (the pension plan for municipal employees in the province of Ontario, Canada) to transfer 43.6 per cent out of the 54 per cent that it owns in Bangalore International Airport Limited (BIAL) to Anchorage and OMERS to invest about $130 million to acquire from Fairfax India an 11.5 per cent interest on a fully diluted