Govt Approves ₹52,878-Crore IDBI Bank Sale to Fairfax; ₹81 Per Share Bid Clears Valuation Benchmark
The Union Cabinet has approved the sale of a 60.72% stake in IDBI Bank Ltd. to 10955230 Canada Inc., the parent entity of Fairfax Financial Holdings Ltd., for ₹52,878.08 crore, marking a major milestone in the government’s strategic disinvestment programme. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the …
The post Govt Approves ₹52,878-Crore IDBI Bank Sale to Fairfax; ₹81 Per Share Bid Clears Valuation Benchmark appeared first on Indian PSU | Public Sector Undertaking News.
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