Everest sells Mexico unit to Fairfax - Insurance Business
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Fairfax buys controlling stake in India’s IDBI Bank for $5.6-billion - The Globe and Mail
Open this photo in gallery:IDBI Bank headquarters in Mumbai in 2023. Fairfax's purchase of a controlling stake in the bank is the largest foreign investment made in India's financial services sector. Niharika Kulkarni/ReutersFairfax Financial Holdings Ltd. FFH-T is taking on another bank turnaround by acquiring control of India’s IDBI Bank for US$5.6-billion, the largest foreign investment ever made in the South Asian country’s financial services sector. Toronto-based Fairfax is buying a 60.72-per-cent stake in IDBI Bank from the government of India, according to a press release on Wednesday from India’s federal Department of Investment and Public Asset Management.
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