CCEA approves Rs 52,878 crore sale of 60.72% IDBI Bank stake to Fairfax arm; LIC to cut stake to 19%

India's CCEA approved the Rs 52,878 crore sale of a 60.72% stake in IDBI Bank to Fairfax Financial, described as the country's largest financial-sector FDI, with LIC reducing its stake to 19%.

Detected & updated continuously · Source: Nebula