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Advent, Temasek in talks for Fairfax stake in IIFL Fin
Advent International and Temasek Holdings are reportedly in talks to acquire Fairfax Financial's stake. Fairfax is looking to exit IIFL Finance as part of its IDBI Bank acquisition plan. This stake sale will help Fairfax comply with regulations and fund the IDBI Bank buyout. Fairfax currently holds a significant stake in IIFL Finance, which is valued at approximately ₹3,500 crore.
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timesofindia.indiatimes.com
Blackstone in fray to acquire IIFL Fin stake
Blackstone Inc is among global investment firms in the fray to buy a stake in IIFL Finance, just as Fairfax Financial Holdings looks to exit from the company, according to people…
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economictimes.indiatimes.com
IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closer
IDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings reported Rs 81-per-share offer for a 60.72% controlling stake. The proposed Rs 53,000-crore deal…
