📰 ET Markets 🏛️ RBI/POLICY 🕒 11 Nov 2026, 06:39 PM IST

Fairfax Financial likely to exit IIFL Finance, sources say

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Core Development: Fairfax Financial likely to exit IIFL Finance, sources say

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Market & Financial Impact: Canada's Fairfax Financial Holdings intends to divest its nearly 11% stake in IIFL Finance soon. The sale aims to raise funds for acquiring a significant stake in IDBI Bank from the Indian government. Fairfax's current share in IIFL Finance is valued at approximately 30 billion rupees, or $320 million. Additionally, Fairfax is attempting to improve its stake in IIFL Capital through an open offer.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

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Fairfax Financial likely to exit IIFL Finance, sources say

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