Fairfax gets 15 years to cut its IDBI Bank stake to 26%

Fairfax Financial has been granted a 15-year window to bring its shareholding in IDBI Bank down to 26 percent. The timeline gives the Canadian insurer a long runway to comply with the regulatory stake-reduction requirement. The arrangement addresses rules on large holdings in the Indian lender following Fairfax's acquisition of a controlling interest. Based on the available report, the extended deadline is intended to allow an orderly divestment rather than a forced sale.