Fairfax India Holdings Corporation (OTCPK:FFXD.F) agreed to acquire 16% stake in Maxop Engineering Company Pvt. Ltd. for INR 2.7 billion on September 16, 2021. In a related transaction, Fairfax India Holdings Corporation agreed to acquire additional 51% stake in Maxop Engineering Company Pvt. Ltd. for INR 2.2 billion on September 16, 2021. The transaction is expected to close in the second half of 2022. The transaction is subject to customary closing conditions. Ernst & Young LLP acted as financial advisor for Maxop Engineering Company Pvt. Ltd.

Fairfax India Holdings Corporation (OTCPK:FFXD.F) completed the acquisition of 16% stake in Maxop Engineering Company Pvt. Ltd. for INR 2.7 billion on September 6, 2022.