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IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank deal
IIFL Finance denied reports of Fairfax exiting the company. These reports suggested a stake sale to fund an IDBI Bank acquisition. Blackstone is reportedly in talks with Fairfax for this stake. This potential deal comes as India's financial sector attracts acquisitions. Blackstone previously invested in Federal Bank last year.
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economictimes.indiatimes.com
Fairfax to exit IIFL Finance before likely IDBI Bank deal; Blackstone emerges as suitor
Fairfax Financial Holdings is considering selling its IIFL Finance stake. This move supports its planned acquisition of IDBI Bank Ltd. The Canadian firm is in talks with private…
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Fairfax plans IIFL Finance exit to fund IDBI Bank bid
Fairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the proposed takeover of the state-owned…
