Fairfax emerges as frontrunner to acquire government–LIC stake in IDBI Bank

Fairfax Financial seems poised to take the lead in acquiring a significant stake in IDBI Bank, with Kotak Mahindra Bank hot on its heels. As financial bids draw near, there’s speculation about a potential deadline extension. Fairfax is leaning towards a full cash offer amidst the government and LIC's plans to offload more than 60% of the bank's shares.

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