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From Deccan Herald

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Cabinet approves Fairfax's Rs 52,878 crore bid for IDBI Bank; largest FDI ever in India's financial sector

Cabinet approves Fairfax's Rs 52,878 crore bid for IDBI Bank; largest FDI ever in India's financial sector

RSS excerpt

New Delhi: The Cabinet on Wednesday approved the sale of a 60.72 per cent stake in IDBI Bank to Fairfax Financial Holdings for Rs 52,878 crore, in the country's biggest strategic disinvestment since the sale of Air India and potentially opening a new chapter in the privatisation of state-controlled…

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