Fairfax to Buy Controlling Stake in IDBI Bank for ₹52,878 Crore
India is selling a controlling stake in IDBI Bank to Fairfax Financial Holdings for ₹52,878 crore.
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10:51:10 AM UTC
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Arunish Chawla, the Secretary of the Department of Investment and Public Asset Management (DIPAM), outlines the next steps in the strategic sale of IDBI Bank, including Reserve Bank of India (RBI) approval, the share purchase agreement, the open offer, and the expected timeline for closure.[faq typ…
India’s sale of a controlling stake in IDBI Bank Ltd. to Canada’s Fairfax Financial Holdings Ltd. The transaction, whi…