Business
Fairfax to Sell IIFL Finance Stake to Fund IDBI Bank Acquisition
Fairfax Financial Holdings is planning to divest its nearly 11% stake in IIFL Finance. The company intends to use the proceeds from this sale to finance its acquisition of IDBI Bank. This strategic move highlights Fairfax's ongoing efforts to restructure its investment portfolio while pursuing a major stake in the Indian banking sector.
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