EconomicIndia·Unpinned15 Oct 2026
India announces $5.5 billion IDBI Bank stake sale to Fairfax
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The Indian government announced the sale of a 60.7% stake in the state-owned IDBI Bank to the Canadian firm Fairfax Financial Holdings for over 529 billion rupees ($5.5 billion). The Ministry of Finance initiated the divestment due to the bank's history of poor financial health, which required repeated capital infusions from the state. While the transaction…
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