Fairfax Financial will acquire a 60.72% stake in IDBI Bank for about ₹53,000 crore, buying shares from the Indian government and LIC. Fairfax plans to retain CEO Rakesh Sharma and is consulting former HDFC leaders Deepak Parekh and Paresh Sukthankar.
​Fairfax Financial will acquire a 60.72% stake in IDBI Bank for about ₹53,000 crore, buying shares from the Indian government and LIC. Fairfax plans to retain CEO Rakesh Sharma and is consulting former HDFC leaders Deepak Parekh and Paresh Sukthankar. by Soban News (international And National News)
