Fairfax’s $6 Billion Bank Deal Signals Zest for Indian Assets
India’s sale of a controlling stake in IDBI Bank Ltd. to Canada’s Fairfax Financial Holdings Ltd. for nearly $6 billion helps jump-start the South Asian country’s push to reform its...
By Siddhi Nayak · Bloomberg Markets
India’s sale of a controlling stake in IDBI Bank Ltd. to Canada’s Fairfax Financial Holdings Ltd. for nearly $6 billion helps jump-start the South Asian country’s push to reform its banking sector and shows the potential for more dealmaking in its rapidly growing financial industry.