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IDBI Bank stake sale to Fairfax: Are IIFL Finance and Shriram Finance next for foreign investment? What we know

Fairfax Financials 52,878 crore acquisition of a 60.72% stake in IDBI Bank could signal more foreign investment in Indias financial services sector. Blackstone is exploring a stake in IIFL Finance, while Japans MUFG is studying options to gain majority control of Shriram Finance.