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The Economic Times
The Economic Times
Business

IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank deal

Fairfax IDBI Bank IIFL Finance Blackstone Federal Bank Prem Watsa India United States

IIFL Finance clarified on Wednesday that no negotiations have taken place regarding reports that Fairfax is planning to exit the company to fund its proposed IDBI Bank deal.

Media reports had suggested that Fairfax was weighing the sale of its entire stake in IIFL Finance to comply with regulatory guidelines as it moves closer to acquiring IDBI Bank Ltd.

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