Fairfax Executive Outlines Potential Funding for IDBI Stake Buy
A Fairfax executive says the IDBI stake purchase would be funded by cash, dividends from units, potential asset sales, and contributions from Digit and IIFL Capital.
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01:31:36 PM UTC
SquawkNews
With Fairfax Financial Holdings set to acquire a majority stake in state-owned IDBI Bank, Indian-born Canadian billionaire Prem Watsa’s presence in India’s listed corporate landscape is poised to expand to 10 companies.Fairfax is no stranger to India, with investments spanning multiple sectors, inc…