The Economic Times report places Fairfax’s IIFL Finance holding at the centre of these discussions. Fairfax has a significant stake in the company, but the report does not state its exact size. The potential buyers named are Advent International and Temasek Holdings.

For Fairfax, the proposed sale has two stated purposes: meeting regulatory requirements connected with its IDBI Bank acquisition plan and raising money for that purchase. The report does not identify the specific regulatory provisions involved or say how much funding the stake sale could generate.

The development is reported as talks, rather than a completed transaction. No sale price, valuation or expected completion date has been stated. The report also does not explain how Advent and Temasek would participate in a purchase or whether either has made a firm commitment.

The key connection is between Fairfax’s intended exit from IIFL Finance and its pursuit of IDBI Bank. A stake sale would support that plan, according to the report, but the information supplied does not establish that either transaction has been finalised.