EconomicCanada·14 Oct 2026
Fairfax Declared Strategic Buyer in Auction to Acquire Stake in IDBI Bank
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On October 14, 2026, the Government of India designated a subsidiary of Fairfax Financial Holdings Limited as the 'Strategic Buyer' for a 60.72% stake in IDBI Bank. The transaction, valued at approximately INR 528.78 billion (US$5.6 billion), was priced at INR 81 per share, representing a 23% premium over the bank's June 30, 2026, book value. Fairfax…
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Business Insider Markets
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Financial Post
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