IDBI Bank stake sale

Fairfax has two years to sort its IDBI bank puzzle

IDBI Bank Stake Sale: Fairfax May Get 2 Years To Consolidate India Banking Holdings

Fairfax gets 15 years to reduce stake in IDBI to 26%

Fairfax chief Watsa bullish on India boom

New Delhi: Canadian billionaire Prem Watsa’s $5.6 billion bet on IDBI Bank is backed by the conviction that India is in the midst of a sustained economic boom that will continue over the next decade, he said in an interview. Indian-origin Watsa is chairman of Fairfax Financial, which has received government nod to buy a 60.72% stake in IDBI Bank, the first such majority investment by a foreign entity in a government-backed lender. With this investment, India becomes the biggest country exposure for the investment firm.“You’re going to get an economic boom in India for the next 10 years, I thin