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Fairfax Financial buys majority stake in India’s IDBI Bank for $5.56-billion
Source: The Globe and Mail
M&A & RestructuringBanking & LiquidityEmerging Markets
Fairfax Financial Holdings will buy a majority stake in India’s IDBI Bank in a deal valued at 528.78 billion Indian rupees (US$5.56 billion), according to the Indian government. The announcement provides no additional terms or expected market reaction.
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