The two-day nationwide hunger strike will be held on November 2 and November 3, aimed at shelving the transaction that involves the dilution of the government’s and LIC’s shareholdings and the transfer of management control to the Fairfax group, according to a statement issued by the union.
This will be the largest foreign direct investment in South Asian country’s financial sector, if completed
The sharp decline was due to a high base last year which included a one-off gain of Rs 1,699 crore from sale of strategic investment in NSDL.
केंद्र सरकार ने IDBI बैंक में अपनी हिस्सेदारी बेचने के फैसला लिया है लेकिन अब करीब 23 साल पुराना कानूनी मामला इस समय चर्चा का विषय बना हुआ है. साल 2003 के दौरान संसद में हुई चर्चा और सरकार की हिस्सेदारी को लेकर उठ रहे सवालों के बीच वित्त मंत्रालय ने अपना पक्ष साफ किया है.
Canadian billionaire Prem Watsa is betting that his Fairfax Financial Holdings Ltd.’s acquisition of IDBI Bank Ltd. will pay off given India’s growth prospects, the Economic Times reported.
Fairfax Financial Holdings acquires a 60.72% stake in IDBI Bank for ₹52,878 crore, marking India's biggest banking privatisation milestone.
Prem Watsa is frequently called "Canada's Warren Buffett".
