Fairfax Set to Acquire 61% of IDBI Bank for $5.6 Billion
Canada’s Fairfax is set to acquire a 61% stake in IDBI Bank for $5.6 billion, in what the report describes as the largest foreign investment in an Indian lender.
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BREAKINGVIEWS — India’s bank privatisation offers cautious win — win
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Ujjaini Dutta BENGALURU, Oct 15 (Reuters Breakingviews) — Canada’s Fairfax is set to acquire 61% of IDBI Bank for $5.6 bln, the largest foreign bet on an Indian lender. For the buyer, it's a cheap valuation and it delivers an okay