✉news BusinessFinance first seen 1 d ago, last 1 d ago, peak #28
Fairfax Financial to Buy Majority Stake in India's IDBI Bank
Original: Fairfax Financial Buying Majority Stake in India’s IDBI Bank
Fairfax Financial is buying a majority stake in India's IDBI Bank, according to a Wall Street Journal report. If confirmed, the deal would mark a major foreign investment in Indian banking and could reshape ownership at the state-linked lender, which the Indian government and LIC have been looking to reduce their holdings in.
Why now: A major Canadian investor taking control of a large Indian state-linked bank is significant news for India's banking privatization push.
Fairfax FinancialIDBI BankIndia
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