India Cabinet Approves Rs.52,878-Crore IDBI Bank Stake Sale to Fairfax
The government approved the sale of a combined 60.72% stake in IDBI Bank by the Centre and LIC to a Fairfax-backed entity for Rs.52,878 crore, the finance ministry said.
Site Search
Search market news
Find public news by keyword, exact ticker, category and date.
Matching instruments
Open a ticker page for its news coverage. The news search below stays a text search.
News Feed
4 results loaded, newest first. End of these results. The latest changes are still being indexed. Try again shortly for updated results.
India Approves 60.72% IDBI Bank Stake Sale to Fairfax for Rs.52,877 Crore
India’s Cabinet Committee on Economic Affairs approved the sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings for Rs.52,877 crore.
India Cabinet Approves IDBI Bank Stake Sale to Fairfax
The Union Cabinet approved the sale of a stake in IDBI Bank to Fairfax Financial Holdings for over ₹52,000 crore, according to the report.
CCEA Approves IDBI Bank Stake Sale to Fairfax for ₹52,878 Crore
The government and LIC are to receive the proceeds from the sale.