Fairfax Plans to Fold Indian Financial Holdings Into IDBI Bank
Fairfax said it plans to bring its existing Indian financial investments under IDBI Bank, creating a diversified financial services group. The body also says India approved the sale of a 60.7% stake in IDBI Bank to Fairfax.
Fairfax plans to bring its existing Indian financial investments under IDBI Bank NSE:IDBI, creating a diversified financial services group, the Canadian investment group said in a statement.India on Tuesday approved the sale of a 60.7% stake in IDBI Bank to Fairfax Financial Holdings TSX:FFH in a d…