Fairfax to leverage HDFC veterans Parekh, Sukthankar for IDBI Bank acquisition
· rediff.com
Canadian billionaire Prem Watsa's Fairfax Financial Holdings will utilise the expertise of Deepak Parekh and Paresh Sukthankar, former HDFC leaders, as it moves to acquire a 60.72 per cent stake in IDBI Bank for ₹52,878 crore, with N S Kannan proposed as chairman.
Canadian billionaire Prem Watsa's Fairfax Financial Holdings is set to acquire a majority stake in IDBI Bank for Rs 52,878 crore, leveraging the extensive exper...