India To Give Canadas Fairfax Two Years To Consolidate Holdings For Idbi Bank Deal Sources
E
Economic TimesVerified Publisher
Fairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is necessary for its acquisition of a majority stake in IDBI Bank. The government and Life Insurance Corporation are finalizing this significant transaction. Fairfax currently holds a substantial stake in the smaller lender CSB Bank. The Canadian investor will either sell its CSB stake or merge it with IDBI Bank. Fairfax Financial may receive two years to consolidate its Indian bank holding (Catch all the Business News, Breaking News and Latest News Updates on The Economic
. The government and Life Insurance Corporation are finalizing this significant transaction. Fairfax currently holds a substantial stake in the smaller lender CSB Bank. The Canadian investor will either sell its CSB stake or merge it with IDBI Bank.
Fairfax Financial may receive two years to consolidate its Indian bank holding
(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)
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