Report
Four foreign investment deals in Indian finance valued at about ₹1.32 lakh crore
The Economic Times reports Fairfax’s proposed ₹52,878 crore IDBI Bank purchase is the largest, but still needs regulatory approval.
TLDR
The Economic Times says the roughly ₹1.32 lakh crore figure combines transaction values for Fairfax’s proposed 60.72% stake in IDBI Bank, MUFG’s 20% stake in Shriram Finance, Emirates NBD’s 60% stake in RBL Bank, and SMBC’s initial 20% stake in Yes Bank. Fairfax’s purchase has Cabinet approval but still needs regulatory approval. The deals are at different stages, and their combined value is not all new capital entering India’s banking system.
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