Cabinet Approves IDBI Bank Stake Sale to Fairfax for ₹52,878 Crore
The Union Cabinet has approved the strategic stake sale of IDBI Bank to Canada Inc. whose parent company is Fairfax Financial Holdings for Rs 52,878 crore. The 60.72% stake consists of a 30.48% stake of the Government of India and a 30.24% stake of the Life Insurance Corporation of India (LIC). The Finance Minister, Nirmala …
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