India to Sell 60.72% Stake in IDBI Bank to Fairfax for Rs.52,878 Crore
The government decided to sell a 60.72% stake in IDBI Bank to Canada's Fairfax Financial Holdings for Rs.52,878 crore.
Mumbai, Oct. 52,878 crore sends a strong signal that India is open to foreign investment and reflects a renewed willingness to reduce the state's ownership footprint in banking and give…