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IDBI BANK SALE
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...
- Modi govt’s 13 strategic disinvestments in 10 yearsThe Modi government is set to sell a 60.72% stake in IDBI Bank for ₹52,878 crore. This sale will surpass previous disinvestment efforts, ma...
- Centre set to cross Rs 80000 cr disinvestment target for first time since FY19 after IDBI Bank stake saleThe Indian government is expected to surpass its budgeted disinvestment target of Rs 80,000 crore for FY27. A significant contributor will ...
- 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...
- Cabinet approves 78-day bonus worth Rs 2,009 crore for 11.4 lakh railway employees ahead of DiwaliThe Union Cabinet has approved a 78-day productivity-linked bonus worth Rs 2,009.61 crore for 11.4 lakh railway employees, with a maximum p...
- 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...
- Stocks in news: HDFC Bank, Infosys, Yes Bank, Hindustan Zinc and RVNLIndian equities continued their downward trend due to rising global bond yields and high crude oil prices. The Nifty 50 fell by 198.50 poin...
- Govt evaluating financial bids for IDBI Bank strategic sale: SourcesThe government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of a 60.72% stak...
- Asset Reconstruction Company shares list flat at Rs 139 on BSE, NSEOn Thursday, shares of Asset Reconstruction Company India Ltd. debuted with little movement following a notable initial public offering val...
- Jaypee Infratech to invests Rs 3,000 crore in next 2 yrs to complete stalled projectsJaypee Infratech will invest Rs 3,000 crore over two years to complete stalled housing projects. All stuck homebuyers will receive their ap...
- Can Rs 6.6 lakh crore in potential PSU divestments bring FPIs back to Indian markets? Axis Capital explainsAxis Capital says faster government divestments could expand India’s investable equity pool, ease valuation pressures and limit foreign out...
- NSE IPO set to open for public on September 17; price band at Rs 1,700-1,785The National Stock Exchange of India's IPO opens September 17, closing September 21. Its price band is set between ₹1,700 and ₹1,785 per sh...
- NSE IPO price band for Rs 22,561-crore offer announced! Check key dates, other important detailsRetail investors have been allocated 35% of the issue, while 50% has been reserved for eligible institutional bidders (QIBs). The remaining...
- Advent, Temasek in talks for Fairfax stake in IIFL FinAdvent International and Temasek Holdings are reportedly in talks to acquire Fairfax Financial's stake. Fairfax is looking to exit IIFL Fin...
- IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank dealIIFL Finance denied reports of Fairfax exiting the company. These reports suggested a stake sale to fund an IDBI Bank acquisition. Blacksto...
- IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closerIDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings’ reported Rs 81-per-share offer for a 60.72% controlling s...
- Fairfax plans IIFL Finance exit to fund IDBI Bank bidFairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the pr...
- Fairfax to exit IIFL Finance before likely IDBI Bank deal; Blackstone emerges as suitorFairfax Financial Holdings is considering selling its IIFL Finance stake. This move supports its planned acquisition of IDBI Bank Ltd. The ...
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