Prem Watsa's Fairfax to Acquire 60.72% Stake in IDBI Bank
Prem Watsa's Fairfax Financial plans to acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking India's largest cross-border banking deal. The Canadian investor aims to create a financial services powerhouse by combining banking, insurance, wealth management, and capital markets. Regulatory approvals, overlapping ownership with CSB Bank, and execution risks pose challenges to this major India investment.
Economic Times·




