- Country: India
IDBI sale to Fairfax faces scrutiny over valuation changes, restricted bidding
Fairfax’s proposed Rs 52,878 crore acquisition of a 60.72 per cent stake has drawn scrutiny over whether the government and LIC are securing adequate value
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- Country: India
IDBI Bank staff plan two-day strike against proposed Fairfax takeover
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.
- Country: Singapore
Canada’s Fairfax revives India’s bank privatisation drive with US$5.6 billion IDBI deal
This will be the largest foreign direct investment in South Asian country’s financial sector, if completed
- Country: India
Many learnings for govt from IDBI restructuring: DIPAM Secretary
- Country: India
IDBI Bank Q2 net profit declines 39 pc in FY27
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.
- Country: India
IDBI Bank में हिस्सेदारी बेचने के फैसले के बाद 2003 का कानून बना चर्चा का विषय, वित्त मंत्रालय ने दी सफाई, जानें क्या है पूरा मामला
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.
- Country: United States
Fairfax’s Watsa Bets On IDBI Payoff As India Booms, Report Says
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.
- Country: India
IDBI privatisation: Govt must stay the course
Fairfax Financial Holdings acquires a 60.72% stake in IDBI Bank for ₹52,878 crore, marking India's biggest banking privatisation milestone.
- Country: India
Who Is Prem Watsa? Canadian Billionaire Who Left India With $8, Now Betting Rs 52,878 Crore On IDBI Bank
Prem Watsa is frequently called "Canada's Warren Buffett".
- Country: India