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IDBI Bank Stake Sale For ₹52,878 Crore, How Nine-Year Journey From RBI Restrictions To Fairfax Takeover Unfolded

IDBI Bank Stake Sale For ₹52,878 Crore, How Nine-Year Journey From RBI Restrictions To Fairfax Takeover Unfolded
Photo: Free Press Journal · view original

Mumbai: IDBI Bank's nine-year journey from regulatory restrictions to strategic disinvestment has reached a major milestone, with the government approving the sale of a 60.72 per cent controlling stake to Fairfax Financial Holdings for Rs 52,878 crore. The transaction marks a significant developm...

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