India to Sell 60.72% Stake in IDBI Bank to Fairfax for Rs.52,878 Crore
The government decided to sell a 60.72% stake in IDBI Bank to Canada's Fairfax Financial Holdings for Rs.52,878 crore.
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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.