Fairfax India Posts $0.28 GAAP Earnings Per Share for Third Quarter

Fairfax India Holdings Corporation posted GAAP earnings of $0.28 per share for the third quarter of 2026, giving investors a new quarterly earnings figure for the company.

Separately, India approved Fairfax subsidiary 10955230 Canada Inc. as strategic buyer for a proposed 60.72% stake in IDBI Bank. The proposed sale is valued at about $5.6 billion. The Government of India is selling a 30.48% stake, and Life Insurance Corporation of India is selling 30.24%.

The approval concerned a proposed purchase. At the time of the earlier coverage, no binding definitive agreements had been signed for the stake purchase or proposed contributions of Fairfax interests in Digit and IIFL Capital.