Fairfax plans to sell nearly 11% stake in IIFL Finance
Two people familiar with the discussions said Fairfax intends to sell its stake to unlock funds for its planned purchase of a 60% stake in IDBI Bank.
By Gopika GopakumarCanada's Fairfax Financial Holdings TSX:FFH plans to sell its nearly 11% stake in Indian non-bank lender IIFL Finance NSE:IIFL, two people familiar with the discussions said on Wednesday.The sale is intended to unlock funds for Fairfax's purchase of a 60% stake in IDBI Bank NSE:I…