Fairfax to Donate US$1 Million to ‘PM CARES Fund’ for COVID-19 Relief in India
April 20 2020 - 5:02PM
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and
FFH.U), recognizing the unprecedented widespread economic suffering
from the COVID-19 pandemic, is donating US$1 million to the Prime
Minister’s Citizen Assistance and Relief in Emergency Situations
Fund (the “PM CARES Fund”) to aid the Indian Government in
providing assistance to its citizens in connection with the
COVID-19 pandemic. The donation will be made to the PM CARES Fund
on behalf of the Fairfax group of companies, including Fairfax
India Holdings Corporation, through Fairfax’s Indian affiliate
Fairbridge Capital Private Limited.
The PM CARES Fund, chaired by Prime Minister
Narendra Modi, was created to provide relief to those affected by
the COVID-19 pandemic in India, including the provision of
financial assistance to Indian citizens and to support healthcare
and other necessary infrastructure.
Prem Watsa, Chairman and Chief Executive Officer
of Fairfax, commented, “We have been impressed by the Indian
government’s rapid and proactive response to the COVID-19 pandemic,
including the implementation of one of the strictest lockdowns in
the world. Fairfax wishes to assist the Indian Government in its
efforts to support many of the most vulnerable members of Indian
society, who will be severely impacted by the pandemic.”
Fairfax is a holding company which, through its
subsidiaries, is engaged in property and casualty insurance and
reinsurance and the associated investment management.
For further information contact:
John Varnell, Vice President, Corporate Development at
(416)
367-4941
Fairfax Financial (TSX:FFH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Fairfax Financial (TSX:FFH)
Historical Stock Chart
From Apr 2023 to Apr 2024