India’s IDBI Bank falls 7% as government announces $5.5 billion stake sale to Canada's Fairfax
The Indian government has been divesting its stake in several state-owned companies this year as it tries to keep its growth engine running amid deepening…
CNBC reports that the Indian government has been divesting its stake in several state-owned companies this year as it tries to keep its growth engine running amid deepening fiscal pressures.
This business story centres on India. Names and organisations mentioned in the coverage include India’s IDBI Bank, Canada's Fairfax and Indian.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- India · Asia
- Reported by
- CNBC
- First reported
- Key names
- India’s IDBI Bank, Canada's Fairfax, Indian
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
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