India Approves 60.72% IDBI Bank Stake Sale to Fairfax for Rs.52,877 Crore
India’s Cabinet Committee on Economic Affairs approved the sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings for Rs.52,877 crore.
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Fairfax to pick 60.72% stake in IDBI Bank: Can the Canadian firm own 2 Indian lenders? What RBI rules say
New Delhi, Oct. 52,877 crore, making it one of the biggest foreign investments in the co…