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Fairfax picks up half of 3-year government bonds at auction
Fairfax Financial Holdings likely purchased government bonds as a prelude to acquiring IDBI Bank. This marks the company's second significant bond purchase in recent months. The Canadian firm is reportedly preparing to invest capital for a potential IDBI Bank stake. Fairfax aims to secure a major stake in the government-owned lender. The IDBI Bank privatisation process has been ongoing since October 2022.
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economictimes.indiatimes.com
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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…
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Fairfax picks up half of 3-year government bonds at auction
Fairfax Financial Holdings likely purchased government bonds as a prelude to acquiring IDBI Bank. This marks the company's second significant bond purchase in recent months. The…