12 Nov 2026 | 3 Mins Read
Fairfax may sell IIFL Finance stake to finance its IDBI Bank acquisition
Flipitmoney
Canada's the Fairfax Financial Holdings plans to exit its nearly 11% stake in India's IIFL Finance to unlock funds for acquiring a 60% stake in IDBI Bank from the Indian government and LIC. Fairfax had originally bought a 22% stake in IIFL in 2015, which was diluted to 11%. The exit is expected soon.