BusinessPhoto: Mint CompaniesIDBI Bank Employees Protest Fairfax Stake Sale, Demand Privatisation Rollback
IDBI Bank employees and political parties oppose the $5.5 billion Fairfax Financial Holdings deal to acquire a 60.72% stake in IDBI Bank. Concerns include undervaluation, lack of transparency, employee futures, and loss of public ownership. The government approved the sale on October 14. Employees have staged a nationwide strike, and Congress demands a parliamentary probe into the transaction.
Mint Companies·


