Fairfax India Completes Investment in Jaynix Engineering Private Limited
11 Février 2022 - 11:02PM
Fairfax India Holdings Corporation (“Fairfax India” or the
“Company”) (TSX: FIH.U) announces that, through its wholly-owned
subsidiary, it has completed its investment of INR 2.45 billion
(approximately $33 million at current exchange rates) for a 70%
equity interest in Jaynix Engineering Private Limited (“Jaynix”).
Jaynix is a manufacturing company engaged in the
production of non-ferrous electrical connectors and electrical
assemblies and is a critical Tier 1 supplier to major electrical
original equipment manufacturers in North America and Europe.
Jaynix is based in Gujarat and operates with three plants, one in
Vadodara, Gujarat and two in Nashik, Maharashtra.
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.
For further information, contact: |
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John Varnell, Vice President, Corporate Affairs(416) 367-4755 |
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Fairfax India (TSX:FIH.U)
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