Fairfax Sees Proposed IDBI Bank Stake Deal Closing as Early as Q1 2027
Fairfax Financial Holdings CEO Prem Watsa said its proposed acquisition of a 60.72% stake in IDBI Bank could close as early as Q1 2027, subject to regulatory approvals.
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08:31:58 AM UTC
SquawkNews
Fairfax Financial Holdings has been given 15 years to reduce its stake in IDBI Bank to 26 per cent after completing its proposed acquisition of a 60.72 per cent holding in the lender, according to Prem Watsa, Chairman and CEO of the Canada-based financial services group.Fairfax will initially have…