Government Set to Beat Disinvestment Target for Second Straight Year Following IDBI Approval
The Indian government’s strategic disinvestment program has regained strong momentum following the Cabinet Committee on Economic Affairs’ (CCEA) landmark approval of a 30.48 per cent stake sale in IDBI Bank to Canada-based Fairfax Financial Holdings. Upon its final completion, this landmark transaction will record the largest Foreign Direct Investment (FDI) inflow into India’s banking and…
