Brief: Fairfax Declared “Strategic Buyer” In Auction To Acquire Interest In Idbi Bank Plans To Contribute Digit Insurance And Iifl Capital To Idbi Bank
14/10/2026 22:09
BRIEF-Fairfax Declared “Strategic Buyer” In Auction To Acquire Interest In Idbi Bank Plans To Contribute Digit Insurance And Iifl Capital To Idbi Bank Oct 14 (Reuters) - Fairfax Financial Holdings Limited FFH.TO:
FAIRFAX DECLARED “STRATEGIC BUYER” IN AUCTION TO ACQUIRE INTEREST IN IDBI BANK; PLANS TO CONTRIBUTE DIGIT INSURANCE AND IIFL CAPITAL TO IDBI BANK
FAIRFAX FINANCIAL - SUBSIDIARY DECLARED STRATEGIC BUYER FOR 60.72% STAKE IN IDBI BANK
FAIRFAX FINANCIAL - TO BUY IDBI BANK STAKE FOR INR 528.78 BILLION (US$5.6 BILLION) AT INR 81 PER SHARE
FAIRFAX FINANCIAL - TO CONTRIBUTE DIGIT INSURANCE AND IIFL CAPITAL INTERESTS TO IDBI BANK
FAIRFAX FINANCIAL - RAKESH SHARMA EXPECTED TO CONTINUE AS MANAGING DIRECTOR AND CEO OF IDBI BANK
Source text: ID:nGNX4MTmJr
Further company coverage: FFH.TO
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