Fairfax Bank

Fairfax ropes in Deepak Parekh, Paresh Sukthankar as advisers to IDBI Bank

Fairfax proposes N S Kannan as IDBI Bank chairman, retains Rakesh Sharma as CEO and expects to close its $5.6 billion acquisition as early as the first quarter of 2027

Maintained complete integrity for IDBI privatisation: Dipam secy Chawla

DIPAM Secretary Arunish Chawla discusses the ₹52,878 crore IDBI Bank stake sale, Fairfax's RBI clearance, disinvestment plans, capital receipts and the government's dividend outlook.

Why was IDBI Bank sold at ₹81 a share? Understanding the valuation

The government used an independent valuation benchmark of ₹75.99 per share after rejecting an earlier bid of ₹75 that fell short of the ₹94.42 reserve price

Canada's Fairfax may get 2 years to consolidate holdings for IDBI Bank deal

A long-delayed sale of a majority stake in IDBI Bank, held by the federal government and ‌state insurer Life Insurance Corp of India, is in its final stages

Govt close to accepting sweetened Fairfax Financial offer for IDBI Bank

The Centre is close to accepting Fairfax Financial's revised offer for IDBI Bank, with the Canadian firm's bid expected to be raised slightly ahead of final regulatory and Cabinet approvals

Fairfax not to cut CSB Bank stake in five years: MD & CEO Pralay Mondal

Pralay Mondal discusses the bank's roadmap, reducing the share of gold loans, and the recent Fairfax stake sale

Go Digit IPO: Issue subscribed over 9.6 times on final day, QIBs bet big

According to the exchange data, the retail investor portion of the issue was subscribed 4.27 times. The qualified institutional buyers' portion was booked 12.56 times

Shriram Group likely to submit EoI for privatisation of IDBI Bank

Entry of Shriram Group as a bidder, could set the stage for at least a two-way contest for IDBI Bank with Prem Watsa's Fairfax Financial also believed to be a contender

Fairfax-backed CSB Bank fixes share price at Rs 193-195 for IPO on Nov 22

The bids for the offer can be applied for a minimum of 75 shares and its multiples

Fairfax offloads 4.9% stake in ICICI Lombard for Rs 2,627 crore

FAL Corporation, a subsidiary of Canada-based Fairfax, sold 22 million shares at Rs 1,178 apiece via block deals, the data provided by stock exchanges showed

India's first foreign owned bank is preparing for a $58 million IPO

Last year, Toronto-based Fairfax agreed to invest $168 million for a 51% stake in the Syrian Catholic Bank, the first time the RBI allowed a foreign firm to take a majority interest in a local lender