What to know

• Canadian billionaire Prem Watsa's Fairfax Financial Holdings is set to acquire a 60.72% stake in IDBI Bank for ₹52,878 crore ($5.6 billion), marking a major foreign investment in India's banking sector.Department of Investment and Public Asset Management Secre...S1
• The successful bidder will be required to present its credentials to the Reserve Bank of India in accordance with the Fit and Proper Assessment conducted at the EoI stageS2
• Govt approves IDBI Bank stake sale to Fairfax for Rs croreS3
• Fairfax's winning bid for IDBI Bank has been fixed at Rs 81 per share, above the benchmark price of Rs 75.99 per share determined using two independent valuations.S4