IDBI Bank Limited IDBI

Fairfax is looking at exit from IIFL Finance as it works to align with regulatory norms ahead of a possible acquisition of IDBI.

Blackstone (BX) is in talks to acquire a stake in India's IIFL Finance, with Fairfax Financial looki

The Canadian financial institution could be given as long as two years to either exit that CSB position or combine CSB with IDBI Bank.

Radiant Cash Management Services Ltd (NSE:RADIANTCMS) navigates rising costs and sluggish core growth while betting on price revisions, fintech expansion, and new mandates to drive FY27 recovery.

The updated offers are being assessed, with a high-level group of bureaucrats having met on 13 July to review the proposed deal.

Officials have signalled that they want to reopen the process with parties that had already shown interest, including Fairfax.

The bank’s MD & CEO Ashok Vaswani said the bank would consider acquisitions only if they satisfied three conditions: strategic fit, financial viability and execution.

This updated valuation is set to become the reference point for any later stake sale.

The privatisation process has been suspended for now, with details remaining confidential.

The Indian government is working towards finalising the transfer of its share in IDBI Bank by 2026 end.

Dubai-based financial institution is reportedly shifting its focus to RBL Bank, due to delays in the completion of the IDBI deal.