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"IDBI Bank Handed To Us In Bad Shape": Nirmala Sitharaman Hits Back At Rahul Gandhi
The response came a day after Rahul Gandhi opposed the government's decision to sell IDBI Bank to Canadian company Fairfax and expressed support for the bank's employees.
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Fairfax's Rs 52,878-Crore IDBI Bank Deal To Have Limited Impact On $2.3 Billion Cushion
Fairfax Financial Holdings plans to acquire a majority stake in IDBI Bank for Rs 52,878 crore. Moody's expects the deal to have a limited impact on leverage, citing Fairfax's $2.3 billion liquidity reserve and its funding strategy.
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Who Is Prem Watsa? Canadian Billionaire Who Left India With $8, Now Betting Rs 52,878 Crore On IDBI Bank
Indian-born Canadian billionaire Prem Watsa: According to Watsa, the Fairfax group spent more than four years pursuing the IDBI Bank deal.
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Fairfax's $6 Billion IDBI Bank Deal Signals Zest For India's Assets
India's financial services sector could see even more dealmaking as foreigners look to deepen their exposure, hoping for better returns.
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IDBI Bank's $5.6 Billion Sale Gives Centre Breathing Room On Oil. Here's How
The $5.6 billion deal will push asset-sale proceeds past the government's annual target for the first time in seven years.
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From RBI Action To Strategic Restructuring: Timeline Of IDBI Bank Stake Sale
The Centre on Wednesday approved the strategic restructuring of IDBI Bank, with Fairfax set to acquire 60.72 per cent controlling stake for Rs 52,878 crore.
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Centre Approves 60.72% Stake Sale In IDBI Bank To Fairfax For Rs 52,878 Crore
The 60.72 per cent stake being acquired by Fairfax will comprise a 30.48 per cent holding of the government and a 30.24 per cent stake held by the Life Insurance Corporation of India (LIC).
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Fairfax May Exit IIFL Finance Ahead of Likely IDBI Bank Deal
Fairfax, founded by Indian-born Canadian billionaire Prem Watsa, is holding talks with global private equity firms for a potential sale, the people said, asking not to be named discussing private matters.
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IDBI Bank Share Price Jumps 6%, Extends Rally For Fifth Session — Here's Why
The latest stock upmove takes IDBI Bank's gains to nearly 16% over five consecutive trading sessions, including Wednesday's session.
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IDBI Bank Share Price Jumps 10% In Trade: What's Driving The Rally?
Shares of IDBI Bank rallied on the buzz over certain media reports claiming the government is close to accepting a revised offer from Canada's Fairfax Financial for its stake in the lender.
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IDBI Bank Shares Jump Over 3% As Government Receives Revised Bids For Stake Sale
Sources told NDTV Profit that Fairfax Holdings' revised bid is closer to the government's reserve price, with the Centre targeting around Rs 50,000 crore from the strategic disinvestment.
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Government Seeks Fresh Bids For IDBI Bank Sale, Targets Closure In FY27
According to sources, the Centre is aiming to conclude the stake sale in FY27 and expects to realise around Rs 50,000-55,000 crore from the transaction.
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IDBI Bank Disinvestment On Track; Asset Monetisation To Beat Rs 80,000-Crore Target: Govt Sources
Authorities are examining legal and procedural options to revive the transaction and take it forward.
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Open To Inorganic Growth Opportunity, Kotak Mahindra Bank CEO Says | Profit Exclusive
Ashok Vaswani said the ongoing West Asia crisis will have some impact on various supply chains and presently the situation is very fluid on ground.
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Centre May Restart IDBI Stake Sale Process From Scratch, Shelve Current Bids
Currently, LIC has a controlling stake in the IDBI Bank at 49.24 per cent, while the Government of India (GoI) holding stands at 45.48 per cent.
-
"IDBI Bank Handed To Us In Bad Shape": Nirmala Sitharaman Hits Back At Rahul Gandhi
The response came a day after Rahul Gandhi opposed the government's decision to sell IDBI Bank to Canadian company Fairfax and expressed support for the bank's employees.
-
Fairfax's Rs 52,878-Crore IDBI Bank Deal To Have Limited Impact On $2.3 Billion Cushion
Fairfax Financial Holdings plans to acquire a majority stake in IDBI Bank for Rs 52,878 crore. Moody's expects the deal to have a limited impact on leverage, citing Fairfax's $2.3 billion liquidity reserve and its funding strategy.
-
Who Is Prem Watsa? Canadian Billionaire Who Left India With $8, Now Betting Rs 52,878 Crore On IDBI Bank
Indian-born Canadian billionaire Prem Watsa: According to Watsa, the Fairfax group spent more than four years pursuing the IDBI Bank deal.
-
Fairfax's $6 Billion IDBI Bank Deal Signals Zest For India's Assets
India's financial services sector could see even more dealmaking as foreigners look to deepen their exposure, hoping for better returns.
-
IDBI Bank's $5.6 Billion Sale Gives Centre Breathing Room On Oil. Here's How
The $5.6 billion deal will push asset-sale proceeds past the government's annual target for the first time in seven years.
-
From RBI Action To Strategic Restructuring: Timeline Of IDBI Bank Stake Sale
The Centre on Wednesday approved the strategic restructuring of IDBI Bank, with Fairfax set to acquire 60.72 per cent controlling stake for Rs 52,878 crore.
-
Centre Approves 60.72% Stake Sale In IDBI Bank To Fairfax For Rs 52,878 Crore
The 60.72 per cent stake being acquired by Fairfax will comprise a 30.48 per cent holding of the government and a 30.24 per cent stake held by the Life Insurance Corporation of India (LIC).
-
Fairfax May Exit IIFL Finance Ahead of Likely IDBI Bank Deal
Fairfax, founded by Indian-born Canadian billionaire Prem Watsa, is holding talks with global private equity firms for a potential sale, the people said, asking not to be named discussing private matters.
-
IDBI Bank Share Price Jumps 6%, Extends Rally For Fifth Session — Here's Why
The latest stock upmove takes IDBI Bank's gains to nearly 16% over five consecutive trading sessions, including Wednesday's session.
-
IDBI Bank Share Price Jumps 10% In Trade: What's Driving The Rally?
Shares of IDBI Bank rallied on the buzz over certain media reports claiming the government is close to accepting a revised offer from Canada's Fairfax Financial for its stake in the lender.
-
IDBI Bank Shares Jump Over 3% As Government Receives Revised Bids For Stake Sale
Sources told NDTV Profit that Fairfax Holdings' revised bid is closer to the government's reserve price, with the Centre targeting around Rs 50,000 crore from the strategic disinvestment.
-
Government Seeks Fresh Bids For IDBI Bank Sale, Targets Closure In FY27
According to sources, the Centre is aiming to conclude the stake sale in FY27 and expects to realise around Rs 50,000-55,000 crore from the transaction.
-
IDBI Bank Disinvestment On Track; Asset Monetisation To Beat Rs 80,000-Crore Target: Govt Sources
Authorities are examining legal and procedural options to revive the transaction and take it forward.
-
Open To Inorganic Growth Opportunity, Kotak Mahindra Bank CEO Says | Profit Exclusive
Ashok Vaswani said the ongoing West Asia crisis will have some impact on various supply chains and presently the situation is very fluid on ground.
-
Centre May Restart IDBI Stake Sale Process From Scratch, Shelve Current Bids
Currently, LIC has a controlling stake in the IDBI Bank at 49.24 per cent, while the Government of India (GoI) holding stands at 45.48 per cent.
