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Fairfax's Rs 52,878-Crore IDBI Bank Deal To Have Limited Impact On $2.3 Billion Cushion

Fairfax's Rs 52,878-Crore IDBI Bank Deal To Have Limited Impact On $2.3 Billion Cushion

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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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