IDBI bank stake sale to Fairfax: Are IIFL Finance, Shriram Finance next in line for foreign investment? What we know

After the government's decision to sell 60.72 per cent stake in IDBI Bank to Canada's Fairfax Financial Holdings, speculations are rife that India’s financial services sector could see even more dealmaking as foreigners look to deepen their exposure.The Cabinet approved the sale of a 60.72 per cent stake in IDBI Bank to Fairfax Financial Holdings on Wednesday for ₹52,878 crore. This is India's biggest strategic disinvestment since the sale of Air India. It potentially opens a new chapter in the…