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:
John Varnell
Chief Financial Officer
(416) 367-4755