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IDBI BANK DEAL FAIRFAX
Fairfax gets 15 years to reduce stake in IDBI Bank to 26%Fairfax Financial Holdings will acquire a 60.72% stake in IDBI Bank and reduce its ownership over 15 years. The Reserve Bank of India has a...- Money is going into data centres and AI in US... now India will be on everyone’s list: Prem WatsaCanadian billionaire Prem Watsa's bet on IDBI Bank is backed by faith in the Indian economy, he told Mohit Bhalla and Sruthijith KK in a ph...
- Canadian billionaire and Asian banking titans find ₹1.32 lakh crore worth of interest in IndiaIn recent months, foreign investment in India’s financial sector has grown significantly, resulting in major acquisitions. Fairfax Financia...
- Early Diwali dhamaka: With the IDBI strategic sale to Fairfax, GoI has taken a giant step in the disinvestment pathwayIDBI Bank's sale as part of a disinvestment strategy provides ₹26,000 cr to the government during economic challenges. Government of India ...
- Fairfax plans to bring Digit, IIFL Capital under IDBI BankFairfax Financial Holdings plans to bring its interests in Go Digit and IIFL Capital Services under IDBI Bank, creating a financial-service...
- Fairfax plans to fold IIFL Capital, Digit into IDBI Bank after Rs 52,878 crore India dealFairfax Financial Holdings plans to bring its Indian financial investments under IDBI Bank after India's approval of a Rs 52,878 crore ($5....
- Canada's Warren Buffett bets his billions on India. What does he see?Prem Watsa’s Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking India’s largest cross-border banking d...
- IDBI Bank shares fall 7% as investors book profit after Fairfax deal gets cabinet nodIDBI Bank shares plunged as investors booked profits after a nearly 13% rally in the previous session following the Cabinet’s approval of F...
- A $6 bn deal signals major appetite for the India prize as global giants look to deepen exposureThe sale of a controlling stake in IDBI Bank for around $6 billion is being viewed a pivotal moment in India's banking reform journey. The ...
- Cabinet clears way for Watsa's Fairfax's Rs 52,878 crore deal for 60.72% stake in IDBI BankFairfax Financial Holdings will acquire a majority stake of 60.72% in IDBI Bank for ₹52,878 crore. This acquisition marks a significant mom...
- Cyberattacks affect 20 financial institutions; CERT-In warns on API vulnerabilities and security measuresAround 20 financial institutions were affected by cyberattacks earlier this month, with hackers allegedly exploiting stolen partner-bank cr...
- Fairfax's IDBI deal premium justified by strategic fit, scale: AnalystsAnalysts believe this acquisition holds considerable potential, greatly enhancing Fairfax's branch network and deposit portfolio in India, ...
- Fairfax offers plan to resolve IDBI-CSB ownership overlappingA merger of the two lenders is emerging as the most likely option, potentially allowing the Canadian investor to consolidate its banking in...
- IDBI, poster boy for more privatisationIDBI Bank has been sold to Fairfax, resulting in a significant shift from government control to private ownership. This sale follows a long...
- 'INDI alliance parties ruined PSBs': Sitharaman responds to Akhilesh's 'Season End Sale' remarks on IDBI-Fairfax dealFinance Minister Sitharaman criticized Akhilesh Yadav's remarks about the IDBI Bank's sale to Fairfax Financial Holdings. She accused Yadav...
- Canada sees scope for more investments in India after Fairfax-IDBI bank deal, says Minister SidhuCanada's Minister of International Trade has noted the investment potential between Canada and India in infrastructure development. Followi...
- Cabinet approves Rs 52,878 crore IDBI Bank sale to Fairfax arm in India’s largest financial-sector FDIThe Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaish...
- IDBI Bank strategic restructuring to attract FDI, boost banking sector, says FM SitharamanThe Cabinet Committee on Economic Affairs approved the strategic restructuring of IDBI Bank to attract foreign investments. The government ...
- IDBI Bank-Fairfax deal: Government to retain 15% stake, LIC to hold 19%The government will retain a 15% equity stake in IDBI Bank and Life Insurance Corporation will hold 19%. Both the government and LIC will w...
- IDBI Bank shares rally 13%, market value swells by Rs 11,460 crore amid muted market. What lies ahead?IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progress in the privatisation process. Th...
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