Fairfax Selected to Buy 60.72% Stake in India's IDBI Bank
Canada's Fairfax Financial Holdings was chosen as the strategic buyer of a 60.72% controlling stake in state-owned IDBI Bank for about $5.6 billion, a sale that is expected to support India's banking reforms and fiscal position.
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| Oct 16, 9:55 PM | bloomberg.com | Fairfax’s Watsa Bets On IDBI Payoff As India Booms, Report Says |
| Oct 14, 11:12 PM | cnbc.com | India’s IDBI Bank falls 7% as government announces $5.5 billion stake sale to Canada's Fairfax |
| Oct 14, 9:07 PM | bloomberg.com | India’s IDBI Stake Sale Brings Timely Buffer Against $100 Oil |
| Oct 14, 6:00 PM | bloomberg.com | Fairfax’s $6 Billion Bank Deal Signals Zest for Indian Assets |
| Oct 14, 2:40 PM | seekingalpha.com | Fairfax named strategic buyer for 60.72% stake in India's IDBI Bank |
| Oct 14, 2:08 PM | investing.com | Fairfax selected to acquire 60.72% stake in IDBI Bank for $5.6B |