StackLeaf
← Back to feed
VERIFIEDET Finance·neutral

India to give Canada's Fairfax two years to consolidate holdings for IDBI Bank deal: Sources

AI Summary
  • ·Fairfax Financial may be granted two years to consolidate its Indian bank holdings.
  • ·This consolidation is a prerequisite for Fairfax's acquisition of a majority stake in IDBI Bank.
  • ·Fairfax will need to either sell its stake in CSB Bank or merge it with IDBI Bank.
LICIINDIANB
Read original →