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via economictimes.indiatimes.comBusiness & Companies

IDBI Bank two-day strike against majority stake sale; union decides next steps Nov 10

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

IDBI Bank Strike: A two-day nationwide strike by IDBI Bank employees and officers against the proposed sale of a majority stake to Canada's Fairfax Financial Holdings ended on Tuesday. The union will decide its next course of action at a meeting on November 10 and may seek…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe proposed majority stake sale of IDBI Bank to Fairfax is relevant for the bank's shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The two-day nationwide strike against the sale to Fairfax Financial ended Tuesday.
  2. 02The union will decide its next move at a November 10 meeting.
  3. 03Congress has raised concerns over the proposed Rs 53,000 crore deal.

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