Canada’s Fairfax to buy 60.2% stake in IDBI Bank for Rs 53,000 crore; largest FDI in an Indian bank
Fairfax, led by Canadian billionaire Prem Watsa, will pay Rs 81 per share for IDBI Bank. Canada-based Fairfax Financial Holdings is set to acquire a 60.72 per cent stake in IDBI Bank for approximately Rs 53,000 crore ($5.5 billion). The transaction would rank as the largest foreign investment in an Indian bank. It marks a…

