IDBI Bank Stake Sale: Centre May Approve Fairfax Bid For 60.72% Stake Within A Week
The Centre could approve Fairfax Financial Holdings’ revised proposal to acquire a 60.72% stake in IDBI Bank within the next week, potentially bringing an end to the lender's five-year-long strategic sale process. Canada-based Fairfax and Dubai's Emirates NBD submitted revised financial bids last month after their initial offers failed to meet the government's reserve price. According to a report…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
