Government Disinvestment
Latest news, explainers and analysis on Government Disinvestment. Tracking 2 stories on Arth Vani.
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Latest on Government Disinvestment
BreakingCabinet Clears Fairfax's ₹52,878 Crore Deal for 60.72% IDBI Bank Stake
The Indian government's Cabinet has approved Fairfax Financial Holdings' acquisition of a 60.72% majority stake in IDBI Bank for ₹52,878 crore. This move is a key part of the government's strategic divestment plan, aiming to strengthen the banking sector and meet annual disinvestment targets.
BreakingCentre Approves ₹52,878 Crore Sale of 60.72% IDBI Bank Stake to Fairfax
The Indian government (Centre) has approved the sale of a 60.72% majority stake in IDBI Bank to Fairfax for ₹52,878 Crore. This significant move marks a major step in the government's strategic divestment agenda within the banking sector.
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