Fairfax to take over IDBI Bank in $5.5b deal
Synopsis Fairfax Holdings aims to secure a major stake in IDBI Bank through an improved offer. The collaboration with the government and LIC is set
Synopsis Fairfax Holdings aims to secure a major stake in IDBI Bank through an improved offer. The collaboration with the government and LIC is set to yield about fifty-three thousand crore rupees from their combined stakes. This groundbreaking investment will set a new record as the largest foreign influx into an Indian bank.
The BriefWire