Cabinet Clears Fairfax Acquisition of 60.72% Stake in IDBI Bank
Fairfax Financial Holdings will acquire a 60.72% stake in IDBI Bank for ₹52,878 crore ($5.5 billion), following Cabinet Committee on Economic Affairs approval.
5 billion), in a deal approved by the Cabinet Committee on Economic Affairs on Wednesday, bringing to an end the government's four-year divestmen…