Fairfax India Holdings Corporation
TSX : FIH.U

Fairfax India Holdings Corporation

April 29, 2016 07:00 ET

Fairfax India Advances First Tranche of Investment in Sanmar Chemicals Group

TORONTO, ONTARIO--(Marketwired - April 29, 2016) -

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.)

Fairfax India Holdings Corporation (TSX:FIH.U) ("Fairfax India") announces that, through its wholly-owned subsidiary in Mauritius, it has closed its first tranche of investment into Sanmar Chemicals Group ("Sanmar") by funding $250 million.

About Fairfax India

Fairfax India is an investment holding company whose 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.

Contact Information

  • Fairfax India Holdings Corporation
    John Varnell
    Chief Financial Officer
    (416) 367-4755