Also known as Fairfax Financial Holdings Limited, Fairfax Financial
Fairfax Financial Holdings is a Toronto-based insurance, reinsurance and investment holding company founded in 1985 by its chairman and chief executive, Prem Watsa. It invests in India through the Toronto-listed Fairfax India Holdings.
On October 14, 2026 India's government said Fairfax would buy a combined 60.7% stake in IDBI Bank from the government and Life Insurance Corporation of India at 81 rupees a share, a deal Reuters valued at about $5.56 billion. The purchase needs Reserve Bank of India approval.
India's government said Fairfax Financial Holdings will buy a combined 60.7% stake in IDBI Bank from the government and state-run Life Insurance Corporation of India, at 81 rupees a share. Reuters valued the deal at 528.78 billion rupees, about $5.56 billion, and called it India's biggest cross-border bank deal. The sale still needs Reserve Bank of India approval.