Grapevine: Fairfax, Kotak in final lap for IDBI Bank stake sale; Spinny to raise fresh funds
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Grapevine: Fairfax, Kotak in final lap for IDBI Bank stake sale; Spinny to raise fresh funds

By Nitesh Kumar

  • 12 Dec 2025
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Grapevine: Fairfax, Kotak in final lap for IDBI Bank stake sale; Spinny to raise fresh funds
Credit: 123RF.com

Toronto-based Fairfax Financial and Kotak Mahindra Bank have emerged as frontrunners to acquire a controlling stake in IDBI Bank from the government and LIC, ahead of the December-end deadline for financial bids, The Economic Times reported, citing people aware of the matter. Fairfax, led by Indian-origin billionaire Prem Watsa, is likely ......

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