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2 result(s) for “Fairfax Financial”

Business & Economy · Oct 17, 2026

Fairfax takeover of IDBI marks India’s biggest financial sector FDI, accelerates bank privatisation push

Canada’s Fairfax Financial will acquire 60.72 percent of IDBI Bank for about Rs 52,878 crore, a transaction the government and markets describe as the largest foreign direct investment in India’s banking sector. The deal shifts a state-backed lender into private hands and raises questions about regulatory approvals, ownership rules and the future of related bank holdings.

Business & Economy · Oct 15, 2026

India approves Fairfax takeover of IDBI Bank in country’s largest financial sector FDI

The Union Cabinet on October 14 approved the sale of a 60.72 percent combined stake in IDBI Bank to an entity backed by Canada’s Fairfax Financial Holdings for Rs 52,878 crore. The transaction, cleared on October 15 for publication, is a landmark foreign direct investment into India’s banking sector and raises questions about valuation, market response, and the future of state ownership in banking.