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IDBI Bank Sale Explained: How Much Will LIC Get From ₹52,878 Crore Fairfax Deal & What Happens To Its Remaining Stake?

IDBI Bank Sale Explained: How Much Will LIC Get From ₹52,878 Crore Fairfax Deal & What Happens To Its Remaining Stake?
Photo: Free Press Journal · view original

Mumbai: The Union Cabinet has approved the sale of a 60.72 percent stake in IDBI Bank to Canadian financial services company Fairfax for Rs 52,878 crore. The transaction marks a major milestone in the government's efforts to restructure the lender, while raising questions about Life Insurance Cor...

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