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Fairfax weighs selling IIFL Finance stake ahead of IDBI Bank bid

IDBI Bank logoIDBI Bank
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IIFL Finance logoIIFL Finance
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Fairfax is restructuring its Indian financial holdings and has held talks with private equity about selling its stake in IIFL Finance. The moves are linked to its plan to acquire a 60.7% stake in IDBI Bank, while it prepares capital through bond purchases and by raising its IIFL Capital Services holding, with Blackstone discussed as a potential investor.

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