Fairfax India Holdings Corporation (OTCPK:FFXD.F) entered into an agreement to acquire a 51% stake in Maxop Engineering Company Pvt. Ltd. for INR 2.2 billion on September 16, 2021. In connection with the transaction, Fairfax India Holdings Corporation will acquire additional 16% stake in Maxop Engineering Company Pvt. Ltd. for INR 2.7 billion. The transaction is subject to customary closing conditions. The transaction is expected to close in Q4 2021. Ernst & Young LLP acted as financial advisor for Maxop Engineering Company Pvt. Ltd. Fairfax India Holdings Corporation (OTCPK:FFXD.F) completed the acquisition of a 51% stake in Maxop Engineering Company Private Limited on November 30, 2021.