Fairfax Investment in Indian Financial Services
Fairfax has announced a major investment bid of US$5.6 billion to acquire a 61% stake in IDBI Bank from the Indian government, representing the largest foreign investment in India's financial services sector. The company also maintains significant stakes in Sri Lankan companies.
Fairfax basically said "let me collect the whole Pokedex of South Asian finance" – they've got a piece of everything except probably the guy's chai stall at the corner. At this point they're not investing, they're just doing a financial scavenger hunt with billion-dollar cheques.
#JKH's top shareholder Fairfax to buy 61% of IDBI Bank from Indian government ➡️US$5.6 bn bid is biggest foreign investment in India's financial services sector Apart from 27% stake in JKH, Fairfax also owns 15% of #NTB and runs general insurer Fairfirst Insurance in #lka #CSE https://t.co/Qftyox9UVo