positive
Recently
Fairfax emerges as frontrunner in IDBI Bank stake sale process
Fairfax is seen leading the bid for IDBI Bank with a potential all-cash offer, as the lender’s valuation rises amid strong gains and privatisation optimism.
Bidding momentum has intensified in the IDBI Bank divestment as Fairfax Financial is reported to be leading the race to acquire a majority stake from the government and LIC. The Prem Watsa led investor is said to be preparing an all cash offer broadly aligned with the bank’s current valuation. Kotak Mahindra Bank remains in contention as bids near finalisation.