IDBI Bank set for privatization; Canada's Fairfax leads acquisition race
IDBI Bank is transitioning from public to private ownership as the central government and LIC prepare to divest their stakes. Canada's Fairfax Financial Holdings has emerged as the frontrunner in the acquisition process.
IDBI Bank is moving toward privatization as both the central government and LIC are set to relinquish their ownership stakes. Reports indicate that Canada-based Fairfax Financial Holdings is currently leading the race to acquire the bank.
