Tag: Fairfax India Holdings Corporation

Fairfax India appoints R. William McFarland to its Board of Directors

Fairfax India Holdings Corporation (Fairfax India), an investment holding company, announced that it has appointed R. William (Bill) McFarland as an independent director. McFarland spent most of his career at PricewaterhouseCoopers (PwC) Canada and was admitted to the partnership in 1992. While at PwC (Canada), McFarland was also a member of the executive team and…

Fairfax India completes sale of equity interest in IIFL Wealth Management Limited

Fairfax India Holdings Corporation (Fairfax India), an investment holding company, announced that its wholly-owned subsidiary, FIH Mauritius Investments Ltd. has completed its previously announced sale of 9.8% equity interest in IIFL Wealth Management Limited (IIFL Wealth) to Bain Capital for gross proceeds of approximately $172 million (approximately INR14.0 billion at current exchange rates). As a…