India: IFC top contender for IDBI Bank stake; Jack Ma family office eyes startups

India: IFC top contender for IDBI Bank stake; Jack Ma family office eyes startups

Jack Ma, Alibaba founder and chairman. Photo: REUTERS/Fabian Bimmer

IFC has emerged as the front runner to acquire around 15 per cent stake in IDBI Bank while, in another development, the family offices of Alibaba’s Jack Ma and Joseph Tsai are said to be looking to invest in India.

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