The story so far: The Union Cabinet has approved the sale of IDBI Bank to Canadian company Fairfax Financial Services, marking the largest foreign direct investment in the financial services…
Tag: IDBI Bank
Cabinet approves Fairfax’s ₹52,878-crore bid for IDBI Bank; largest FDI ever in India’s financial sector
The proposed sale of a combined 60.72% stake held by the government and Life Insurance Corporation of India (LIC) would transfer control of the lender to Fairfax. File. | Photo…