Is Fairfax buying IDBI equity by bringing in FDI, wonders EAS Sarma, former secretary to government, and a trenchant critic of the deal. It may not be the case, as clarified by the proposed buyer, he notes.
IDBI Bank sale: DIPAM failed to exercise due diligence, charges EAS Sarma
EXECUTIVE SUMMARY
Is Fairfax buying IDBI equity by bringing in FDI, wonders EAS Sarma, former secretary to government, and a trenchant critic of the deal. It may not be the case, as clarified by the proposed buyer, he notes.
Key Takeaways
- IDBI Bank sale: DIPAM failed to exercise due diligence, charges EAS Sarma.
- Is Fairfax buying IDBI equity by bringing in FDI, wonders EAS Sarma, former secretary to government, and a trenchant critic of the deal.
- It may not be the case, as clarified by the proposed buyer, he notes.
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Published originally on The Hindu Business Line
