India Cabinet Approves IDBI Bank Stake Sale to Fairfax for Rs 52,878 Crore
The Union Cabinet approved the sale of a stake in IDBI Bank to Fairfax Financial Holdings at Rs 81 per share. IDBI Bank shares fell 7% in early trade on Thursday, October 15.
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India Cabinet Approves 60.72% IDBI Bank Stake Sale to Fairfax for Rs 52,878 Crore
The Union Cabinet approved the strategic sale to Fairfax Financial Holdings.
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.
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.