Fairfax to Buy IDBI for $5.6 Billion in Biggest India Bank Deal
Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Ltd. will acquire a stake in IDBI Bank Ltd. for 528.78 billion rupees ($5.6 billion), making it the biggest foreign investment in India’s rapidly growing financial services sector. Fairfax Financial will own 60.72% …
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- Fairfax buys IDBI for US$5.6 billion in India’s biggest bank deal financialpost.com
- IDBI Bank strategic restructuring to attract FDI, boost banking sector, says FM Sitharaman economictimes.indiatimes.com
- Fairfax Financial Buying Majority Stake in India’s IDBI Bank wsj.com
