Fairfax prepares IIFL Finance stake sale to back IDBI takeover – report
Fairfax Financial plans to sell its 11% stake in IIFL Finance, valued at Rs30bn ($320m), to help fund its $5.56bn acquisition of a 60% stake in IDBI Bank. The sale may occur via secondary markets. Fairfax also aims to increase its stake in IIFL Capital Services to 51%.

