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Fairfax India SV USF ( ($TSE:FIH.U) ) has provided an announcement.
Fairfax India Holdings Corporation announced that its shareholders have approved a one-time deviation from the company’s investment concentration restriction to facilitate the acquisition of an additional 10% equity interest in Bangalore International Airport Limited. The resolution was overwhelmingly supported by the shareholders, with 100% approval from multiple voting shares and approximately 99% from subordinate voting shares. The completion of this investment is contingent upon third-party consents and customary conditions, with an expected closure in the first quarter of 2025. This strategic move is anticipated to strengthen Fairfax India’s investment portfolio and enhance its positioning in the Indian market.
More about Fairfax India SV USF
Fairfax India Holdings Corporation is an investment holding company focused on long-term capital appreciation and capital preservation through investments in public and private equity securities and debt instruments in India. The company targets Indian businesses or businesses closely related to India in terms of customers, suppliers, or operations.
Technical Sentiment Consensus Rating: Sell
Find detailed analytics on FIH.U stock on TipRanks’ Stock Analysis page.
