IDBI Bank sale: Just two foreign bidders in the fray as Kotak quits the race
Initially there were four bidders who cleared the fit and proper criteria of the Reserve Bank—Kotak Bank, Fairfax, Emirates NBD and the US-based private equity firm Oaktree Capital. It can be noted that Fairfax India Holdings Corporation, the Toronto-based firm founded in 2014 and controlled by the Andhra born Watsa’s Fairfax Financial, holds significant investments…
