Which foreign group’s subsidiary did the Union Cabinet approve on 14 October 2026 as buyer of a 60.72% stake in IDBI Bank?
Correct answer A. Fairfax Financial Holdings
Explanation
On 14 October 2026 the Cabinet cleared the sale of a 60.72% stake in IDBI Bank, held by the government and LIC, to a Canadian subsidiary of Fairfax Financial Holdings for about Rs 52,878 crore.
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