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IDBI Bank shares jump 3% as Fairfax set to make biggest foreign investment in Indian lender, buy stake worth Rs 53,000 cr
Fairfax Holdings has been finalized for the IDBI Bank stake sale. This significant deal is expected to be worth approximately Rs 53,000 crore. The government plans to sell its stake, and LIC will also divest shares. Fairfax's offer of Rs 81 per share is higher than last year's bid. This transaction marks the largest foreign investment in an Indian bank.
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economictimes.indiatimes.com
India nears accepting sweetened Fairfax offer for IDBI Bank
India's government is nearing acceptance of Fairfax Financial's offer for IDBI Bank. Fairfax may slightly increase its per-share bid for the Mumbai-based lender. This potential…
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thehindubusinessline.com
India receives revised bids from Fairfax, Emirates NBD for IDBI Bank stake sale
India receives revised bids from Fairfax and Emirates NBD for IDBI Bank stake sale, expected to finalize within a month.
