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IDBI Bank Deal: Fairfax Must Cut Stake To 26% In 15 Years, Says DIPAM Secretary

Fairfax will have to reduce its stake in IDBI Bank to 26% within 15 years, with the RBI setting the glide path. The government expects the deal to close before the end of FY27.

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NDTVCenter·2h ago
IDBI Bank Deal: Fairfax Must Cut Stake To 26% In 15 Years, Says DIPAM Secretary
Fairfax will have to reduce its stake in IDBI Bank to 26% within 15 years, with the RBI setting the glide path. The government expects the deal to close before the end of FY27.
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IDBI Bank Deal: Fairfax Must Cut Stake To 26% In 15 Years, Says DIPAM Secretary

How 1 sources are covering this

IDBI Bank Deal: Fairfax Must Cut Stake To 26% In 15 Years, Says DIPAM Secretary

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