Hoodlum

yes, I realized that connection after I posted. I am surprised this relationship was never previously mentioned in a report or conference call. Digitide's MFX unit has been the technology backbone of Fairfax P&C carriers since 2002.

thanks. I must not be converting to US dollars correctly.

My son is in his mid 20s. I am not sure if an 11 years would appreciate it.

While I am familiar with Fairfax Digital Services I came across this site for Fairfax GCC that I never heard of before. The site mentions that they have worked with the Fairfax subs for many years. Is this accurate? https://fairfaxgcc.com

@rajpgokul Thanks for sharing this. You had mentioned that IIFL Finance would be raising $1.3 US through issuing of shares. When I reviewed the BSE notice, I only see reference to 10,000 Crore being raised through new shares. I believe this is the equivalent of $100M US unless I am not calculating it correctly. Could you confirm where you saw the $1.3B US figure or are you including the additional $1B US in medium term notes. https://www.bseindia.com/xml-data/corpfiling/AttachLive/817e6eb4-7e92-426a-9490-e60f741fe609.pdf

Seeing The Odyssey today with my son. Also, Fairfax continues to buy Indian Bonds. https://m.economictimes.com/markets/bonds/fairfax-picks-up-half-of-3-year-government-bonds-at-auction/amp_articleshow/132473875.cms

I presume that this was the last regulatory hurdle for the Eurolife sale, and that this can now be closed soon. https://ec.europa.eu/commission/presscorner/detail/en/mex_26_1639 The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of EUROLIFE FFH LIFE INSURANCE S.A. (‘Eurolife') by EUROBANK S.A., both of Greece. The transaction relates primarily to insurance products and services. The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.

RBC reaffirmed their Buy rating on Fairfax this week, with target set at $2277US (3200 cdn)

The new Airport Metro station is expected to be completed in the next 12 months. https://www.thehindu.com/news/national/karnataka/bangalore-international-airport-limited-confidentthat-bengaluru-airport-will-be-secondlargest-in-india/article71222027.ece/amp/

It looks like Fairfax has upped their offer again. We may be getting close to an official announcement. https://economictimes.indiatimes.com/industry/banking/finance/banking/fairfax-to-acquire-idbi-bank-stake-in-5-5-billion-deal-biggest-foreign-investment-in-indian-bank/articleshow/132400419.cms?from=mdr The government has finalised Fairfax Holdings for the sale of its stake in IDBI Bank after the Canadian firm sweetened its offer, people aware of the development said. The decision was made Tuesday after meetings at the finance ministry. “Fairfax is now offering ₹81 per share, which is higher than their offer of ₹75 given last year,” one of the people said. “After much discussion, the government and Fairfax have agreed to shake hands and the official announcement could be made anytime now,” the person said. An empowered group of ministers that includes finance minister Nirmala Sitharaman has been apprised of the revised bids and subsequent developments, another person aware of the matter said. “A formal notification will come soon and post that a letter of intent will be issued, followed by signing of the share-purchase agreement.”

that seems like a good price for Altius. I agree that Fairfax is likely not involved.

The IDBI Bank divestment seems to be moving again. New sealed bids are now being reviewed by the government with a possible decision in August. https://www.ndtvprofit.com/markets/idbi-bank-shares-jump-over-3-percent-as-government-receives-revised-bids-for-stake-sale-11768041/amp/1 Shares of IDBI Bank rose as much as 4.08% to an intraday high of Rs 87.50 on Tuesday after the government received revised financial bids from two foreign bidders for its stake sale in the lender, according to official sources familiar with the matter. Fairfax Holdings and Emirates NBD remain in the race to acquire the government's stake in IDBI Bank. Sources told NDTV Profit that Fairfax Holdings' revised bid is closer to the government's reserve price, with the Centre targeting around Rs 50,000 crore from the strategic disinvestment. The winning bidder has not yet been finalised, with a decision likely over the next month, sources said. According to Bloomberg, the government is close to accepting Fairfax Financial Holdings' offer after the Canadian insurer reportedly raised its bid by a few rupees per share following the rejection of its earlier offer, which was below the reserve price. The report added that the transaction will require approvals from the Union Cabinet and the Reserve Bank of India before it can be completed.

As a part of the Free Trade discussion between Vietnam and Canada, it looks like Fairfax will have the ability to sell some new insurance products in Vietnam. There were no details on what this entails. https://itpc.hochiminhcity.gov.vn/web/en/-/vietnam-eyes-greater-canadian-investment-as-fta-talks-progress He noted that Canadian companies continue to increase their presence in Vietnam, highlighting Fairfax Financial's long-term investments in the insurance sector. He added that the MoF (Ministry of Finance) has instructed relevant agencies to facilitate the approval of new products proposed by Fairfax Financial in accordance with Vietnamese regulations.

For the remaining purchase capacity I believe you would also need to include the shares purchased for Treasury. There were 25k shares purchased in Q4 and 52k shares purchased in Q1. I am not sure what was purchased for Treasury in Q2.

I noticed that total dollar value of Shares Purchased for Treasury dropped from $240M in 2024 to $189M in 2025. I am not sure of the reason for this drop as I would expect the total dollar amount to gradually grow over time as the number of employees increase. So the total dollar amount that is purchased for treasury in 2026 could vary as well.